A full third of respondents expect Bitcoin to crash by year's end, while only 10% believe it will surpass its all-time high of $73,798. Another 33% predict Bitcoin falling below $20,000 by the end of 2024.
There has been a shift in sentiment towards cryptocurrencies, with over 50% of respondents now recognizing them as an important asset class and method of payment, up from less than 40% in September 2023.
Analysts anticipate the Bitcoin halving to potentially boost the coin's value. Victoria Bills from Banrion Capital mentions a growing market traction due to the upcoming halving, expected to have a positive impact.
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