According to a survey conducted by US banking giant JPMorgan, the majority of the bank’s customers believe that Bitcoin will close this year above $60,000.
JPMorgan Chase conducted a new survey of its customers. The results of this survey revealed that customers think positively about Bitcoin and believe it will close this year above $60,000. Only 2% of respondents believe that Bitcoin will trade below $10,000 by 2023.
The results of the survey contradict predictions that this year will be a repeat of 2018, when Bitcoin lost more than 70% of its value. As it is known, some segments state that the Fed may strengthen its hawkish attitude and cause further declines in Bitcoin. Bitcoin started a new decline in December due to the Fed’s statements about interest rate hikes and destroyed the hopes of the Santa rally, which means the New Year’s rally in the community.
No Major Rally Expected
On the other hand, customers do not expect a big rally. According to the results, only 5% think Bitcoin can rise above $100,000.
Bitcoin slid as low as $39,651 yesterday, trading below $40,000 for the first time since September. Then, starting a recovery, Bitcoin is trading at $ 41, 829 as of publication time.