-
Retail Investors See Bitcoin Falling Further, Survey Finds
The world’s largest cryptocurrency broke beneath $40,000 yesterday, and many retail investors believe it is heading even lower by year-end, according to a Deutsche Bank Research report. Over one-third of people surveyed think that Bitcoin will fall below $20,000 by next January, according to the report. About 15% of people said they expect the price will be between $40,000 and $75,000 by year-end. Hype around the much-anticipated launch of spot Bitcoin ETFs on Jan. 11 sent the price of Bitcoin to $49,000, the highest it has been since March 2022. Sell-offs since have sent the price of the asset down over 20%, to ... (full story)