A new CoinGecko survey reveals that about four in 10 crypto market participants are expecting Bitcoin (BTC) to shatter the $100,000 price level.
CoinGecko polled 2,558 people associated with the digital asset industry, of whom 69% identified as crypto investors with primarily long-term holdings.
Around 18% of the respondents considered themselves traders with mainly short-term holdings, 7% identified as builders and 6% considered themselves “sidelined spectators.”
Nearly 44% of the survey respondents said they expected Bitcoin to exceed $100,000 this cycle, while 17% predicted BTC would land between $91,000 and $100,000.
Approximately 24% of the respondents believe the top crypto asset will land between $76,000 and $90,000, and 15% think Bitcoin will only hit $75,000.
Of the different crypto participants surveyed, the investor cohort was the most optimistic, with 49.4% of them saying they believed BTC would surge past $100,000 in the current cycle.
At time of writing, Bitcoin is trading for $67,829.
The respondents were less bullish on Ethereum (ETH). Only 20.6% of them believe ETH will surpass $10,000 in the current market cycle, and 19.2% believe the second-ranked crypto asset will only reach $5,000.
At time of writing, Ethereum is trading at $3,254.
As for the Ethereum rival Solana (SOL), CoinGecko says about 25% of respondents polled believe that the fifth-largest crypto asset by market cap will rally to $300 this market cycle. Only 10.6% believe that SOL will skyrocket to $1,000.
Solana is worth $181.95 at time of writing.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post More Than 40% of Crypto Industry Participants Expect Bitcoin To Surpass $100,000 This Cycle: CoinGecko Survey appeared first on The Daily Hodl.