Bitcoin to Exceed $69,000 Post-Halving? Majority of Investors Say Yes

<p>A new
survey from Bitget reveals bullish investor expectations around Bitcoin's
upcoming "halving" event in April 2024. 84% of respondents predict
Bitcoin surpassing its all-time high of $69,000 in the next bull run.</p><p>Investor Sentiment Upbeat
Ahead of 2024 Bitcoin Halving</p><p>The Bitget
study engaged nearly 10,000 crypto investors globally to analyze sentiment and
potential market impacts. Key findings from the extensive research reveal that 70%
of participants indicate plans to raise their crypto investments in 2024.
Regarding Bitcoin's potential post-halving price stabilization, 55% expect a
range between $50,000 and $100,000, while 30% forecast over $60,000 valuation
during the halving timeframe itself in April 2024.</p><p>"The
findings reflect a broad spectrum of expectations and investment plans,
indicating that 2024 will be a significant year for the Bitcoin market,"
said Gracy Chen, the Managing Director at Bitget. </p><p>Halving has
historically catalyzed appreciation for <a href="https://www.financemagnates.com/terms/b/bitcoin/">Bitcoin</a>'s value. Investors seem poised
to capitalize on potential gains, with bullish outlooks especially notable
across Latin America, Asia, and MENA respondents. Europe presented more
conservative expectations, both mid-term and long-term.</p><p>"We
are pleased to see such positive sentiment emerging as market conditions
continue recovering," Chen added. "The road ahead remains bright."</p><p>A Bitcoin halving is a planned reduction in the reward miners receive for mining new blocks and processing transactions on the Bitcoin network. The halving happens roughly every 4 years and cuts the mining reward in half. The goal is to control supply and prevent cryptocurrency inflation over time. </p><p>How Gender and Age Influences
Your Bitcoin Investments</p><p>In recent
reports by Bitget, <a href="https://www.financemagnates.com/cryptocurrency/study-finds-how-gender-influences-your-bitcoin-investments/" target="_blank" rel="follow">the impact of gender and age on cryptocurrency investments</a>
was analyzed, revealing insightful trends about investor demographics and their
motivations. It was discovered that gender significantly influences financial
goals, with a notable trend in South Korea and Japan, where a higher percentage
of female investors focus on personal finances compared to their male
counterparts. Specifically, 49% of women in South Korea and 41% in Japan
prioritize personal finance management, whereas only 17% and 30% of men in
these countries do so.</p><p>The August
report delves into the age distribution among cryptocurrency investors,
particularly those using Bitget's copy trading feature. It <a href="https://www.financemagnates.com/cryptocurrency/gen-z-dominates-crypto-copy-trading-space-85-make-profit/" target="_blank" rel="follow">identifies Gen Z
users</a> as the largest group of copy traders, accounting for 44% of the total,
showcasing their tech-savviness and susceptibility to social media influence.</p><p>They are
followed by individuals aged 25-35 (32%), those in the 35-55 range (17%), and
participants over 55 (7%). Among these, 72% of traders under 25 and 65% of
those between 55 and 64 rely on Bitget primarily for its copy trading
capabilities, indicating a strong preference for this investment approach
across diverse age groups.</p><p>Bitget,
established in 2018, serves over 20 million users globally through its crypto
<a href="https://www.financemagnates.com/terms/e/exchange/">exchange</a> and Web3 solutions. In 2023, it <a href="https://www.financemagnates.com/cryptocurrency/bitget-marks-2023-end-with-94-jump-in-spot-volumes-and-12-million-new-users/" target="_blank" rel="follow">recorded a jump of 94%</a> in spot volumes on
its platform.</p>

This article was written by Damian Chmiel at www.financemagnates.com.