According to a crypto survey carried out on twitter recently, about 80% of those that participated in the survey believe that Bitcoin’s price would cross the $100,000 mark by the end of this year.
Of the 50,000 people polled, about 40% of them predicted Bitcoin price to hit above $100,000. Another 33.2% went on further to say that Bitcoin price would get to $288,000 by the end of the year. 10% of those polled were extremely bullish in their prediction; predicting Bitcoin price to get to $500,000 at the end of this year.
The poll results reveal that people have faith in the leading crypto asset and expect the price to rise significantly before the end of the year. And not just for BTC, other cryptocurrencies too are anticipated to rise within the year. This is probably fuelled by the increasing rate of institutional adoption with the likes of Tesla, Microstrategy, Paypal and Visa all investing in crypto.
A similar survey was conducted by a seasoned crypto analyst, PlanB, in October 2020. Back then, the price of the asset was still struggling to achieve the $10,000 mark. Given the current price of BTC, this seems like a decade ago.
Even before the end of 2021, Bitcoin price is already trading at over $100,000 in Turkey. The Dechained reported a few days ago that the current economic situation in Turkey has made the price of the crypto king to skyrocket beyond $100,000. So the poll results have some decent merits.