More Than 40% of Crypto Industry Participants Expect Bitcoin To Surpass $100,000 This Cycle: CoinGecko Survey

A new CoinGecko survey reveals that about four in 10 crypto market participants are expecting Bitcoin (BTC) to shatter the $100,000 price level.

CoinGecko polled 2,558 people associated with the digital asset industry, of whom 69% identified as crypto investors with primarily long-term holdings.

Around 18% of the respondents considered themselves traders with mainly short-term holdings, 7% identified as builders and 6% considered themselves “sidelined spectators.”

Nearly 44% of the survey respondents said they expected Bitcoin to exceed $100,000 this cycle, while 17% predicted BTC would land between $91,000 and $100,000.

Approximately 24% of the respondents believe the top crypto asset will land between $76,000 and $90,000, and 15% think Bitcoin will only hit $75,000.

Of the different crypto participants surveyed, the investor cohort was the most optimistic, with 49.4% of them saying they believed BTC would surge past $100,000 in the current cycle.

At time of writing, Bitcoin is trading for $67,829.

The respondents were less bullish on Ethereum (ETH). Only 20.6% of them believe ETH will surpass $10,000 in the current market cycle, and 19.2% believe the second-ranked crypto asset will only reach $5,000.

At time of writing, Ethereum is trading at $3,254.

As for the Ethereum rival Solana (SOL), CoinGecko says about 25% of respondents polled believe that the fifth-largest crypto asset by market cap will rally to $300 this market cycle. Only 10.6% believe that SOL will skyrocket to $1,000.

Solana is worth $181.95 at time of writing.

Generated Image: Midjourney