A new survey from CoinGecko shows that approximately four in ten crypto market participants expect Bitcoin (BTC) to break the $100,000 price level.
Coin gecko questioned 2,558 people are involved in the digital asset industry, of which 69% identified as crypto investors with primarily long-term investments.
About 18% of respondents considered themselves traders with mainly short-term investments, 7% identified themselves as builders and 6% considered themselves ‘sidelined spectators’.
Nearly 44% of respondents said they expected Bitcoin to cross $100,000 this cycle, while 17% predicted BTC to land between $91,000 and $100,000.
About 24% of respondents believe the top crypto asset will land between $76,000 and $90,000, and 15% think Bitcoin will only reach $75,000.
Of the various crypto participants surveyed, the investor cohort was the most optimistic, with 49.4% of them saying they believed BTC would rise above $100,000 in the current cycle.
At the time of writing, Bitcoin is trading at $67,829.
Respondents were less optimistic about Ethereum (ETH). Only 20.6% of them believe that ETH will surpass $10,000 in the current market cycle, and 19.2% believe that the second-place crypto asset will only reach $5,000.
At the time of writing, Ethereum is trading at $3,254.
As for Ethereum rival Solana (SOL), CoinGecko says about 25% of respondents surveyed believe the fifth-largest crypto asset by market cap will rise to $300 this market cycle. Only 10.6% believe the SOL will rise to $1,000.
Solana is worth $181.95 at the time of writing.
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Generated image: Midjourney