Survey reveals 84% believe Bitcoin will hit new highs post-halving in 2024.
Investors plan to increase crypto investments, with 55% expecting $50K-$100K BTC price.
A new
survey from Bitget reveals bullish investor expectations around Bitcoin's
upcoming "halving" event in April 2024. 84% of respondents predict
Bitcoin surpassing its all-time high of $69,000 in the next bull run.
Investor Sentiment Upbeat
Ahead of 2024 Bitcoin Halving
The Bitget
study engaged nearly 10,000 crypto investors globally to analyze sentiment and
potential market impacts. Key findings from the extensive research reveal that 70%
of participants indicate plans to raise their crypto investments in 2024.
Regarding Bitcoin's potential post-halving price stabilization, 55% expect a
range between $50,000 and $100,000, while 30% forecast over $60,000 valuation
during the halving timeframe itself in April 2024.
"The
findings reflect a broad spectrum of expectations and investment plans,
indicating that 2024 will be a significant year for the Bitcoin market,"
said Gracy Chen, the Managing Director at Bitget.
"We
are pleased to see such positive sentiment emerging as market conditions
continue recovering," Chen added. "The road ahead remains bright."
A Bitcoin halving is a planned reduction in the reward miners receive for mining new blocks and processing transactions on the Bitcoin network. The halving happens roughly every 4 years and cuts the mining reward in half. The goal is to control supply and prevent cryptocurrency inflation over time.
How Gender and Age Influences
Your Bitcoin Investments
In recent
reports by Bitget, the impact of gender and age on cryptocurrency investments
was analyzed, revealing insightful trends about investor demographics and their
motivations. It was discovered that gender significantly influences financial
goals, with a notable trend in South Korea and Japan, where a higher percentage
of female investors focus on personal finances compared to their male
counterparts. Specifically, 49% of women in South Korea and 41% in Japan
prioritize personal finance management, whereas only 17% and 30% of men in
these countries do so.
The August
report delves into the age distribution among cryptocurrency investors,
particularly those using Bitget's copy trading feature. It identifies Gen Z
users as the largest group of copy traders, accounting for 44% of the total,
showcasing their tech-savviness and susceptibility to social media influence.
They are
followed by individuals aged 25-35 (32%), those in the 35-55 range (17%), and
participants over 55 (7%). Among these, 72% of traders under 25 and 65% of
those between 55 and 64 rely on Bitget primarily for its copy trading
capabilities, indicating a strong preference for this investment approach
across diverse age groups.
A new
survey from Bitget reveals bullish investor expectations around Bitcoin's
upcoming "halving" event in April 2024. 84% of respondents predict
Bitcoin surpassing its all-time high of $69,000 in the next bull run.
Investor Sentiment Upbeat
Ahead of 2024 Bitcoin Halving
The Bitget
study engaged nearly 10,000 crypto investors globally to analyze sentiment and
potential market impacts. Key findings from the extensive research reveal that 70%
of participants indicate plans to raise their crypto investments in 2024.
Regarding Bitcoin's potential post-halving price stabilization, 55% expect a
range between $50,000 and $100,000, while 30% forecast over $60,000 valuation
during the halving timeframe itself in April 2024.
"The
findings reflect a broad spectrum of expectations and investment plans,
indicating that 2024 will be a significant year for the Bitcoin market,"
said Gracy Chen, the Managing Director at Bitget.
"We
are pleased to see such positive sentiment emerging as market conditions
continue recovering," Chen added. "The road ahead remains bright."
A Bitcoin halving is a planned reduction in the reward miners receive for mining new blocks and processing transactions on the Bitcoin network. The halving happens roughly every 4 years and cuts the mining reward in half. The goal is to control supply and prevent cryptocurrency inflation over time.
How Gender and Age Influences
Your Bitcoin Investments
In recent
reports by Bitget, the impact of gender and age on cryptocurrency investments
was analyzed, revealing insightful trends about investor demographics and their
motivations. It was discovered that gender significantly influences financial
goals, with a notable trend in South Korea and Japan, where a higher percentage
of female investors focus on personal finances compared to their male
counterparts. Specifically, 49% of women in South Korea and 41% in Japan
prioritize personal finance management, whereas only 17% and 30% of men in
these countries do so.
The August
report delves into the age distribution among cryptocurrency investors,
particularly those using Bitget's copy trading feature. It identifies Gen Z
users as the largest group of copy traders, accounting for 44% of the total,
showcasing their tech-savviness and susceptibility to social media influence.
They are
followed by individuals aged 25-35 (32%), those in the 35-55 range (17%), and
participants over 55 (7%). Among these, 72% of traders under 25 and 65% of
those between 55 and 64 rely on Bitget primarily for its copy trading
capabilities, indicating a strong preference for this investment approach
across diverse age groups.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
Lebowa Capital's Jimmy Moyaha at an FMLS:24 panel discussion
Lebowa Capital's Jimmy Moyaha at an FMLS:24 panel discussion
Lebowa Capital's Jimmy Moyaha at an FMLS:24 panel discussion
Lebowa Capital's Jimmy Moyaha at an FMLS:24 panel discussion
Lebowa Capital's Jimmy Moyaha at an FMLS:24 panel discussion
Lebowa Capital's Jimmy Moyaha at an FMLS:24 panel discussion
Lebowa Capital's Jimmy Moyaha at an FMLS:24 panel discussion explaining the impact of news on trading.
Lebowa Capital's Jimmy Moyaha at an FMLS:24 panel discussion explaining the impact of news on trading.
Lebowa Capital's Jimmy Moyaha at an FMLS:24 panel discussion explaining the impact of news on trading.
Lebowa Capital's Jimmy Moyaha at an FMLS:24 panel discussion explaining the impact of news on trading.
Lebowa Capital's Jimmy Moyaha at an FMLS:24 panel discussion explaining the impact of news on trading.
Lebowa Capital's Jimmy Moyaha at an FMLS:24 panel discussion explaining the impact of news on trading.
Doo Prime's Fraser Nelson is explaining the challenges of liquidity in different markets.
Doo Prime's Fraser Nelson is explaining the challenges of liquidity in different markets.
Doo Prime's Fraser Nelson is explaining the challenges of liquidity in different markets.
Doo Prime's Fraser Nelson is explaining the challenges of liquidity in different markets.
Doo Prime's Fraser Nelson is explaining the challenges of liquidity in different markets.
Doo Prime's Fraser Nelson is explaining the challenges of liquidity in different markets.
Doo Prime's Fraser Nelson is explaining the challenges of liquidity in different markets while participating in a panel discussion on "How to Trade the News."
Doo Prime's Fraser Nelson is explaining the challenges of liquidity in different markets while participating in a panel discussion on "How to Trade the News."
Doo Prime's Fraser Nelson is explaining the challenges of liquidity in different markets while participating in a panel discussion on "How to Trade the News."
Doo Prime's Fraser Nelson is explaining the challenges of liquidity in different markets while participating in a panel discussion on "How to Trade the News."
Doo Prime's Fraser Nelson is explaining the challenges of liquidity in different markets while participating in a panel discussion on "How to Trade the News."
Doo Prime's Fraser Nelson is explaining the challenges of liquidity in different markets while participating in a panel discussion on "How to Trade the News."
FMLS:24 exhibition venue is crowded on the second day.
FMLS:24 exhibition venue is crowded on the second day.
FMLS:24 exhibition venue is crowded on the second day.
FMLS:24 exhibition venue is crowded on the second day.
FMLS:24 exhibition venue is crowded on the second day.
FMLS:24 exhibition venue is crowded on the second day.
Panel Discussion on "Regulation, Trust, and the Future of Trading in Africa"
Panel Discussion on "Regulation, Trust, and the Future of Trading in Africa"
Panel Discussion on "Regulation, Trust, and the Future of Trading in Africa"
Panel Discussion on "Regulation, Trust, and the Future of Trading in Africa"
Panel Discussion on "Regulation, Trust, and the Future of Trading in Africa"
Panel Discussion on "Regulation, Trust, and the Future of Trading in Africa"
Experts discuss the topic "Regulation, Trust, and the Future of Trading in Africa" at FMLS:24
Experts discuss the topic "Regulation, Trust, and the Future of Trading in Africa" at FMLS:24
Experts discuss the topic "Regulation, Trust, and the Future of Trading in Africa" at FMLS:24
Experts discuss the topic "Regulation, Trust, and the Future of Trading in Africa" at FMLS:24
Experts discuss the topic "Regulation, Trust, and the Future of Trading in Africa" at FMLS:24
Experts discuss the topic "Regulation, Trust, and the Future of Trading in Africa" at FMLS:24