Poll ... Most of the investors believe that Bitcoin will not exceed $ 50,000

The British Virgin Islands institutional mining platform, Genesis Mining, has released the results of a survey of 1,000 current and former Bitcoin investors residing in the United States - two-thirds of whom believed Bitcoin was Store with long term value better than dollar.

In more than half of respondents believed that Bitcoin would outperform gold, real estate and the stock market over a period of five to ten years, with 65% expressing confidence that Bitcoin's value It will continue to rise over time.

Bearish case

But despite seemingly positive indications, only 17% of those surveyed expected Bitcoin's price to exceed $ 50,000 by 2030. This will only require a 160% price increase over the next 10 years, while Bitcoin has already gained 166.5% over the year 2020 so far.

while another 17% predicted that the Bitcoin price would actually decline over the next decade, while a sixth of respondents did not feel confident speculating on Bitcoin's price performance in the long term. .

In total, 50.1% of respondents estimated that Bitcoin would reach $ 20,000 or less by 2030, and a third predicted that the price would be $ 10,000 or less. Jane's expectations came in at 11.8% for prices under $ 1001.

Nearly a third of respondents expect a 10-year stagnation or decline in performance expecting Bitcoins to be disrupted by regulations, while a fifth expect outright bans on cryptocurrencies from governments. / p>

approximately 17% of non-bullish respondents expect that another digital currency or a digital currency issued by the central bank will have a dominant market share and replace Bitcoin, while 16% expect that the cycles of Bitcoin's historical hype will disappear over time.

Also, nearly 10% of respondents do not believe there will be a practical use case for Bitcoin in the future.

bullish case

at the bullish end of the spectrum, a tenth of respondents expected that Bitcoin's value would reach six digits or more within a decade, and half of them expected prices to exceed 500 Thousand dollars.

nearly 30% of bullish respondents believe that Bitcoin adoption will be driven by a drop in confidence in fiat currencies, with an expectation of 25.8% ...