One in five customers believe BTC will be worth more than $100,000

By Yorgos Megalofonos

71 per cent of our users are confident that they will become cryptocurrency millionaires in the future

About 20 per cent of users believe Bitcoin will be worth more than $100,000 in a year. This is evidenced by the data from a survey conducted on the platform. 

The majority of our clients (53.8 per cent) believe that in a year's time Bitcoin will be worth between $50,000 and $100,000, while 17.3 per cent of users are confident that the value of the cryptocurrency will fall to the $25,000 to $50,000 range by 2022. Meanwhile, 8.6 per cent of those surveyed believe in a phenomenal decline in the price of BTC (from zero to $25,000).

Opinions were also divided on whether Bitcoin's valuation matches its real value. Almost half (44.8 per cent) of users believe the current price of the cryptocurrency does. Just over a third (35.6 per cent) consider BTC to be overvalued and 19.5 per cent consider it undervalued.

That the cryptocurrency market in 2021 will be low was expressed by 44.2 per cent of users. About a third (33.7 per cent) of respondents are inclined to believe it will be neutral. Finally, 22.1 per cent are confident in a bear market for 2021.

Among users, the majority (40.7 per cent) prefer to diversify digital assets: they keep in their portfolio not only BTC but also altcoins. Exactly one third of clients invest only in Bitcoin, while 13.5 per cent invest exclusively in Ether. Another 10.3 per cent of users shun major currencies and maintain only altcoins, and 2.2 per cent prefer DeFi.

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More than two-thirds (68.4 per cent) of the users allocate up to a third of their portfolio to digital assets, 11.1 per cent of clients hold up to half in cryptocurrencies and 20.6 per cent more than half.

We also found out through the survey that more than two-thirds of users are very ambitious with 71 per cent seeing themselves as cryptocurrency millionaires in the future. However, 27.2 per cent consider themselves unable to achieve this goal, while 1.9 per cent of customers indicated that they have already become cryptocurrency millionaires.

The survey among 1,572 users was conducted from the end of February to the end of March.

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