Fundstrat study: 82% of investors believe that the low price of bitcoin passed

Institutional investors who have already invested in scriptactive, believe that the price of bitcoin has already passed the minimum mark and the end of the year will be much higher than it is now.

This conclusion was based on informal research
strategic companies with wall street Fundstrat Global Advisors, which conducted among institutional investors who have invested money in cryptocurrencies.

According to the survey, 82% of investors believe that the price of bitcoin has reached its lowest level, and 53% said that at the end of the year it will cost from 10 000 to 20 000 dollars. An additional 41% predict that by the end of 2018 bitcoin will trade between 20,000 and 30,000 dollars, and 6% say that bitcoin will go down in the new year above $ 30 000 dollars.

According to 40% of the respondents John McAfee is right
and by the end of 2020, the price of bitcoin reaches $ 1 million, although it is unclear whether they are sure or just don’t want to know what would happen if he was wrong (he promised to eat an intimate part of his body, if his forecast turns out to be wrong).

For his part, the founder of Fundstrat Tom Lee (Tom Lee), previously predicted 25 000 dollars per bitcoin by the end of the year, said that the price of $ 1 million is possible, but the company does not make a bet on it.

Two-thirds of respondents said that they do not consider possible classification of broadcast as securities. Almost half of the respondents also do not believe that the Commission on securities and stock exchanges of the USA (SEC) will provide regulatory clarity regarding tokens and of securities regulation in 2018.

Investors also predict that Goldman Sachs will become the first major Bank that will offer a cryptocurrency trading for institutional clients. This is highly likely given the fact that the firm recently hired a head of strategy development of the market of digital assets.

Growth factors

It is possible that institutional investors Express the correct predictions regarding the price of bitcoin. The significant increase in the percentage of buy orders has a lot of pressure on the cryptocurrency market. The last time he would be so high in March 2017. At that time bitcoin price was a little more than $ 1,000, and we all know how over the past year – a price surge nearly 20 times the March figure.

It should take into account another important factor — an emerging market impact of large players. In the last couple of months to the industry was joined by such participants as George Soros, Mike Novogratz, and even the Foundation of the Rockefellers. In addition, increased availability of institutional investment also lead to higher bitcoin prices, suggesting a considerable increase in the cost of the asset, even more than last year, when these factors did not affect the market.

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