Institutional investors and wealth managers are increasingly convinced the $100,000 Bitcoin landmark will be achieved with one in five expecting it will be hit within two years (the current price is $66,687), according to new global research (1) by London-based Nickel Digital Asset Management
Sign up to our free newsletters
Anatoly Crachilov, CEO and Founding Partner at Nickel Digital
· 97% of investors questioned by Nickel believe $100,000 will be achieved with one in five predicting it within two years
· That compares with 75% at the start of the year and investors are also optimistic on Bitcoin and Ethereum’s performance this year
· Almost all expect Altcoins and other digital assets to benefit from the strong performance of two major currencies
Institutional investors and wealth managers are increasingly convinced the $100,000 Bitcoin landmark will be achieved with one in five expecting it will be hit within two years (the current price is $66,687), according to new global research (1) by London-based Nickel Digital Asset Management (Nickel), Europe’s leading regulated and award-winning, regulated digital assets hedge fund manager founded by alumni of Bankers Trust, Goldman Sachs and JPMorgan.
The study with organisations invested in the sector found 97% now believe the £100,000 mark will be achieved up from 75% (2) when Nickel asked the same question in January this year. Around one in five (20%) expect the $100,000 valuation to be achieved within two years.
Nickel’s research with institutional investors and wealth managers in the US, UK, Germany, Switzerland, Singapore, Brazil and the United Arab Emirates who collectively manage around $1.7 trillion in assets found confidence in Bitcoin and Ethereum’s price performance is translating into support for altcoins and other digital assets.
Almost all (98%) questioned believe altcoins and other digital assets will attract more investment which compares with 83% expressing the same view in January.
The study found high levels of confidence in the price performance of Bitcoin and Ethereum – around 92% expect Bitcoin to end the year higher than the $70,000 price it was at when the survey was carried out (June 2024) while 96% expect Ethereum to end the year higher than the $3,700 it was when the survey was conducted.
The table below shows their predictions on where the major digital assets will end the year.
| What will the price of Bitcoin be at the end of the year? | Number predicting this price | What will the price of Ethereum be at the end of the year? | Number predicting this price |
| Below $70,000 | 8% | Below $3,700 | 4% |
| Between $70,000 and $80,000 | 67% | Between $3,700 and $4,000 | 52% |
| Between $80,000 and $100,000 | 22% | Between $4,000 and $5,000 | 34% |
| Between $100,000 and $125,000 | 2% | Between $5,000 and $6,000 | 8% |
| Over $125,000 | 1% | More than $6,000 | 2% |
Anatoly Crachilov, CEO and Founding Partner at Nickel Digital, said: “We are witnessing structural improvement of investor confidence. Earlier this year, only 75% of respondents believed the $100,000 Bitcoin milestone was possible, while now nearly all do. This surge in optimism underscores improving political rhetoric around digital assets and growing credibility of the sector.”
Footnotes
- Nickel Digital commissioned the market research company Pureprofile to interview 200 institutional investors and wealth managers across the US, UK, Germany, Singapore, Switzerland, Brazil and the UAE in June 2024.
- Nickel Digital commissioned the market research company Pureprofile to interview 200 institutional investors and wealth managers across the US, UK, Germany, Singapore, Switzerland, Brazil and the UAE in January 2024.
Source: ETFWorld.co.uk
Subscribe to Our Newsletter
