Investors Are Expecting Bitcoin To Reach A Historic Peak Following The Halving Event.

The research revealed that investors are optimistic about the price of the asset following Bitcoin's halving.

According to a market research involving approximately 10,000 crypto investors, participants are optimistic about the fourth Bitcoin halving event.

The survey, organized by the cryptocurrency exchange Bitget and focusing on the halving process, reflects investors' confidence in the leading cryptocurrency.

Results from the survey, which analyzed the opinions of participants from Western Europe, Eastern Europe, South Asia, Southeast Asia, the MENA region, and Latin America, were shared.

Conducted between November and December 2023, the anonymous survey had 9,748 participants who shared their views.

84% of the participants believe that Bitcoin will surpass its 2021 all-time high of $69,000.

Participants from Eastern Europe, with 75%, were noted as the most optimistic segment, predicting a new all-time high for Bitcoin.

Western European participants were optimistic. 41% of the respondents predicted that Bitcoin would surpass $100,000, although many stated that it might not have a direct correlation with the halving event.

"Some Western European investors do not believe that the Bitcoin halving will trigger a new bull market, indicating that investors are cautious in the short term but optimistic in the long term."

Participants from Latin America, Eastern Asia, and Southeast Asia were the most optimistic about the impact of the Bitcoin halving on its price. In these regions, 84%, 82%, and 81% of the participants, respectively, expressed that the halving of mining rewards would have a significant effect on the price of BTC.

Bitcoin advocate Paul Sztorc presented a different view on the impact of the halving in an interview. Sztorc claimed that despite the hash rate and mining difficulty continuing to reach new highs, the decrease in rewards would serve as a litmus test for the mining sector.

Sztorc suggested that the expected effect on price might not be as pronounced as some predictions. Another BTC advocate, Adam Back, proposed that the new peak level could occur 18 months after the halving.

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