After the Bitcoin halving event is complete, the reward for miners who make new blocks will be reduced from 6.25 to 3.125 BTC. Real Research, an online survey app, revealed that 69% of respondents knew about the Bitcoin halving.

Highlights:

  • 67.24% of the respondents think altcoins will rise by the same magnitude as BTC after this year’s halving event.
  • Price surges typically follow six months post-halving; 66.66% of respondents expect repetition.
  • 57.6% of the respondents think BTC will reach more than $122,000.

Bitcoin Halving

Digital Asset Researcher 10X Research stated that BTC could reach $122,000 during the peak of the bull market. 57.6% of the respondents think BTC will reach more than $122,000.

bitcoin-bull-market
Figure 1: Whether BTC could reach more than $122,000 during the bull market peak

Read Also: 2024 Crypto Market Prediction: 40.3% Bullish, 30.75% Bearish

Bitcoin Halving 2024

Spot OnChain data analyst Hannah Phung observed that a substantial price increase occurs only after six months have passed since the halving event. 66.66% of the respondents anticipate a similar pattern to occur this time around.

repeat-of-this-pattern
Figure 2: Whether respondents expect a repeat of this pattern.

Altcoin vs. Bitcoin

The price of BTC increases after a few months following the halving event. In tandem, the price of altcoins also rises with the rise in the BTC price. 67.24% of the respondents think altcoins will rise by the same magnitude as BTC after this year’s halving event.

Bitcoin-halving
Figure 3: Do respondents believe altcoins will surge similarly after this year’s Bitcoin halving?

Furthermore, when respondents were asked, “If you were given the option to choose your investment plan, what would you invest in?“. 44.58% of the respondents said crypto, 29.52% said the stock market, and 25.9% chose commodities.

Methodology

Survey TitleSurvey on the Upcoming Bitcoin Halving
DurationApril 19 – April 22, 2024
Number of Participants5,000
DemographicsMales and females, aged 21 to 99
Participating Countries Afghanistan, Algeria, Angola, Argentina, Armenia, Australia, Azerbaijan, Bahrain, Bangladesh, Belarus, Benin, Bolivia,… Brazil, Brunei, Bulgaria, Burkina Faso, Cambodia, Cameroon, Canada, Chile, China, China (Hong Kong) China (Macao), China (Taiwan), Colombia, Costa Rica, Croatia, Czech Republic, Ecuador, Egypt, El Salvador, Ethiopia, Finland, France, Gambia, Georgia, Germany, Ghana, Greece, Greanada, Guatemala, Honduras, Hungary, India, Indonesia, Iraq, Ireland, Israel, Italy, Ivory Coast, Japan, Jordan, Kenya, Kuwait, Kyrgyzstan, Latvia, Lebanon, Libya, Lithuania, Malaysia, Maldives, Maluritania, Mexico, Moldova, Mongolia, Morocco, Mozambique, Myanmar [Burma], Namibia, Nepal, Nicaragua, Nigeria, Oman, Pakistan, Palestine, Panama, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russia, Saudi Arabia, Serbia, Sierra Leone, Singapore, Slovakia, South Africa, South Korea, Spain, Sri Lanka, Tanzania, Thailand, Togo, Tunisia, Turkey, Turkmenistan, Uganda, Ukraine, United Arab Emirates, United Kingdom, United States, Uruguay, Uzbekistan, Venezuela, Vietnam, Yemen, Zimbabwe.