After Bitcoin broke above the $60,000 barrier, several investors began anticipating BTC’s price actions over the coming months before halving. Experts and analysts started to share their Bitcoin price predictions, expecting it to break above several resistance levels.
To further understand the communities’ point of view on this topic, Real Research, an online survey app, launched a survey on Bitcoin approaching its all-time high.
Highlights:
- Over 7 in 10 would invest in Bitcoin as it continues to reach its all-time high.
- Over 74% believe that cryptocurrency will become widely used as money.
- 72.14% agree that cryptocurrency will truly see true mass adoption worldwide.
Bitcoin Hits New All-Time High
As the crypto community continues to observe greedy sentiment, Bitcoin hits new all-time high. If BTC breaks above the all-time high, some experts question, “Can Bitcoin reach 1 million dollars?”. Around 7 in 10 respondents claimed that they would invest in Bitcoin as it continues to reach its all-time high.
Read Also: 63.88% state that BTC ETF Could Attract More Institutional Investors
Will Bitcoin Be Used As a Currency?
Around 74.82% of the respondents believe that there will come a time when cryptocurrency will be utilized as a form of money, similar to the current fiat currencies. Meanwhile, 25.18% expressed that they don’t think cryptocurrency will become a form of currency.
Development of Bitcoin
As Bitcoin hits new all-time high, it could be one of the factors that contribute to the overall crypto industry’s growth. Additionally, 72.14% of the respondents believe that they will see true mass adoption around the world. Meanwhile, 27.86% don’t believe this will happen.
Read Also: 67.24% Expect Altcoins to Mirror BTC’s Post-Halving Surge
Methodology | |
| Survey Title | Survey on Bitcoin Approaching Its All-Time-High |
| Duration | March 4 – March 11, 2024 |
| Number of Participants | 5,000 |
| Demographics | Males 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. |
RR Author
Real Research News is the media platform that presents insights and studies of wide-range of topics. It focuses on insights gathered from its survey app.
