Over the next five to ten years, Bitcoin will be the best long-term investment, ahead of the US dollar, real estate, gold and equities. That is the view of the majority of participants in a survey by the Genesis Mining cloud-mining service.
The company selected Bitcoin investors as respondents. 48.5% of those polled invested more than 20% of their funds in Bitcoin or other digital assets, 16.3% less than 1%, and 15.8% from 1% to 5%.
Share of cryptocurrencies in respondents’ investment portfolios. Data: Genesis Mining.
According to 65.8% of investors, the price of Bitcoin will rise in the long term. A bearish view on Bitcoin’s trajectory is held by only 17.3% of respondents.
When asked what the price of digital gold will be by 2030, most participants named figures below $50,000. A highly pessimistic 11.8% expect the price to fall below $1,000 over the next ten years.
Levels up to $10,000 are forecast by a total of 22.3% of participants, while 16% think the price will lie in the $10,000 to $20,000 range.
Exceeding $100,000 is expected by 10.3% of respondents. Of these, 4.8% are confident that within ten years Bitcoin will surpass $500,000.
Bitcoin investors’ views on the price of 1 BTC by 2030. Data: Genesis Mining.
Around a third of pessimists attribute stagnation or a price decline to regulatory hurdles. A fifth expect bans by some countries, about 10% see no practical use for Bitcoin, and 17% are convinced it will yield to central-bank digital currencies or other crypto assets.
Respondents with positive views on digital gold believe that growth will be driven by eroding trust in fiat currencies, economic crises and mass adoption of Bitcoin.
Since the start of 2020, investments in the first cryptocurrency have yielded 72.3% for ForkLog users.
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