Bearish Sentiment Among Retail Investors
The recent price correction of Bitcoin has sparked concern among retail investors
The survey shows over one-third of respondents foresee Bitcoin’s value plummeting below $20,000 by January 2025
Approximately 15% are optimistic, predicting that Bitcoin’s price will stabilize between $40,000 and $75,000 by the year’s end
Bitcoin’s Recent Price Surge and Decline
Bitcoin’s price surged to $49,000 on January 11 due to excitement surrounding the launch of spot Bitcoin ETFs in the U.S
Subsequent sell-offs led to more than an 18% decline in price, down to around $39,791 on January 24
New Spot Bitcoin ETFs to Further Institutionalize Bitcoin
New spot Bitcoin ETFs could further institutionalize Bitcoin, with most flows originating from retail investors
Deutsche Bank analysts suggest new spot Bitcoin ETFs could further institutionalize Bitcoin
Retail Investors’ Outlook and Perspective Survey
The survey gathered insights from 2,000 individuals across the United States, the United Kingdom, and the Eurozone
The focus was on their perspectives regarding Bitcoin’s price fluctuations and volatility
Jim Cramer’s Thoughts on Bitcoin
Jim Cramer has been vocal about Bitcoin, mentioning on CNBC and social media platform X his views on Bitcoin and Bitcoin ETFs
Bitcoin’s rally to $45,658 was driven by optimism over the potential approval of spot Bitcoin ETFs by the U.S. SEC and the collapse of bad actors in the crypto space
He predicts difficulty in maintaining the price level due to an inadequate influx of capital
Hot Take
Bloomberg reports that retail investors are concerned about Bitcoin’s price and a further decrease in its value. The recent surge to $49,000 in Bitcoin’s price on Jan 11 led to excitement surrounding the launch of spot Bitcoin ETFs in the U.S. However, subsequent sell-offs caused an 18% decline in its price. The survey shows over one-third of respondents foresee Bitcoin’s value plummeting below $20,000 by January 2025, and approximately 15% predict that Bitcoin’s price will stabilize between $40,000 and $75,000 by the year’s end.
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