Bitcoin Owners Expect a Rebound to $55,000 in Six Months, Study Finds

Jan 31, 2022

Bitcoin Owners Expect a Rebound to $55,000 in Six Months, Study Finds

Bitcoin has dropped roughly 45 percent of its value from November's record high, but this hasn't dampened the excitement of some retail investors, who anticipate the price to recover and are "buying the dip," a new survey indicates.

According to a Tuesday research, over 21% of US consumers questioned by data analytics firm Morning Consult were contemplating buying Bitcoin, when the cryptocurrency dropped as low as $32,983. The rate is steady from early November, when Bitcoin reached an all-time high of $68,991, according to the research.

"This indicates that consumers are less concerned about Bitcoin's price reduction this time around than they were last summer," Charlotte Principato, managing director at Morning Consult, noted in the research.

The study indicated that during Bitcoin's recent selloff, the number of US adults contemplating acquiring the cryptocurrency fell to 13% in July from 17% in May.

https://liquidity-provider.com/app/uploads/2022/02/unnamed-40.png

Despite the recent decline, Bitcoin owners on average anticipate the crypto currency's price to grow to roughly $55,223 in six months, the survey states. Individuals who own more than $500 in Bitcoin are the most positive, seeing a six-month rise to $62,439 for the cryptocurrency.

In comparison, the typical adult in the United States, including those who do not possess the digital asset, believes that Bitcoin's price will hover around $27,136 throughout the same period.

Indeed, the study indicated that the majority of purchasers engage in Bitcoin because they anticipate the price will grow, not because they believe in the technology or potential of digital assets, with 70% of respondents stating "making money" as their primary motivation for purchasing.

By and large, Bitcoin investors are more risk-tolerant than the overall public, with four times the likelihood of accepting financial hazards, according to a Morning Consults survey.

Subscribe Our Newsletter

Visa and Mastercard Take a Dive as Congress Eyes New Bill to Increase Credit Card Competition

Alexander

Visa and Mastercard Take a Dive as Congress Eyes New Bill to Increase Credit Card Competition

A new bill that could challenge Visa and Mastercard's dominance in the payment processing market is set to be proposed by US legislators.

Banks and Finance
Apple's Key Growth Driver is India Now. And Here is why.

Milena

Apple’s Key Growth Driver is India Now. And Here is why.

According to a Bloomberg report, the tech firm is giving India more attention and designating it as its own sales region.

Companies
B2BROKER Liquidity B2BROKER Liquidity
Sponsored
Anna

A Brief Introduction to Scalping
Even if you are new to trading, you probably heard about scalping. Scalp trading, or scalping, is a widespread trading strategy known for a long time.

discover
Low-Latency Trading Explained

Сonstantine

Low-Latency Trading Defined: Speed, Strategy and Technology

In today’s high-wire world of financial markets, speed isn’t a plus – it’s a lifeline. Low-latency trading has revolutionized how competitors in this arena, known as traders, execute their orders in microseconds and seize opportunities that disappear almost instantly. Behind this arms race for speed is an advanced combination of infrastructure, hardware, algorithms, and marketplace […]

Trading
Contact us bg

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Successful!
    Thank you for your request.
    We will contact you shortly.
    Close

    Сonstantine

    Best Crypto to Buy Now: Guide for Investors

    Best Crypto To Buy Now

    Hazem

    Grok vs ChatGPT: What’s the Best AI Assistant You Need in 2025

    Grok vs ChatGPT

    Сonstantine

    How to Choose the Right Liquidity Provider for Your Brokerage

    How to Choose the Right Liquidity Provider for Your Brokerage

    Сonstantine

    Low-Latency Trading Defined: Speed, Strategy and Technology

    Low-Latency Trading Explained

    Hazem

    How Liquidity Depth Affects Slippage in High-Volume Trading

    Liquidity depth and slippage in trading

    Hazem

    What is FIX API Liquidity Connection and How Does it Power Institutional Trading?

    FIX API in institutional trading

    Сonstantine

    OTC Trading Strategies and Technologies to Succeed in Over-the-Counter Markets

    OTC Trading Strategies

    Alexander

    What is OTC Trading? A Complete Guide for 2025

    what is OTC

    Alexander

    Synthetic Futures: A Trader’s Guide to Replicating Positions with Options

    How to Trade Synthetic Futures

    Сonstantine

    Order Book Depth: What It Is And Why It Matters?

    Order Book Depth What It is And Why It Matters

    Alexander

    Spot vs Perpetual Futures: Which Is Right for You?

    Spot vs Perpetual Futures explained

    Hazem

    5 Reasons Traders Are Switching to Perpetual Futures

    5 Reasons to Switch to Perpetual Futures

    Constantine

    Top 3 Liquidity Challenges Facing New Exchanges and How to Solve Them

    Top 3 Liquidity Challenges Facing New Exchanges Today

    Constantine

    Financial Planning in the Cryptocurrency Era — Master Crypto and Digital Asset Strategies

    Financial Planning in the Cryptocurrency Era

    Hazem

    Best Platforms to Trade Perpetual Futures in 2025

    Best platforms to trade perpetual futures in 2025

    Alex

    Top 10 Fintech Website Development Agencies for 2025

    Best Fintech Website Development Agencies for 2025

    Сonstantine

    Internal vs External Range Liquidity In ICT Trading Explained

    Internal vs External Range Liquidity In ICT Trading

    Constantine

    Portfolio Backtesting — Tools, Metrics, and Methods Explained

    Portfolio Backtesting

    Сonstantine

    ICT Trading Explained: Smart Money Concepts, Tools and Setups

    ICT Trading Explained

    Сonstantine

    CFD Trading Strategies: A Practical Guide to Risk and Execution

    CFD Trading Strategies

    Alexander

    What is a Fair Value Gap? A Guide to Trading Market Imbalances

    What is Fair Value Gap

    Vitaliy

    Triangle Patterns in Trading: Mastering Ascending, Descending & Symmetrical Strategies for Maximum Profit

    Triangle Patterns in Trading: Ascending, Descending & Symmetrical Guide

    Alexander

    What Is COTI? Payments, Token & Price Prediction

    What is a COTI coin

    Constantine

    Best Copy Trading Software in 2025

    Best Copy Trading Software in 2025
    liquidity-provider-logo
    • News
      • Stock Market Forecast
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
      • AI
      • Technology
      • DeFi
      • NFT
    • Articles
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
      • Blockchain
      • Investing
      • NFT
      • DeFi
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
      • White Label Brokerage Platforms
      • Broker CRM Platforms
    [email protected]

    © 2024 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy
    This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.