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The Bitcoin halving is expected to be a bullish event for the largest cryptocurrency, and according to Bitget research, 84% of investors believe Bitcoin will surpass the previous all-time high of $69,000 in the next bull market.

Bitget, a leading cryptocurrency exchange and Web3 company behind the Bitget Wallet published a study on the impact of the April 2024 Bitcoin halving in price and investment decisions.

The study involved 9,748 individuals across East Asia, South East Asia, East Europe, West Europe, MENA, and Latin American regions.

The research concluded that 84% of investors believe Bitcoin will create a new all-time high in the next bull run. The next bull run is expected to coincide with the Bitcoin halving slated for April this year. However, respondents in European regions are less optimistic.

Over 50% of the respondents also predict Bitcoin’s price will range between $30,000 and $60,000 during the halving event. 30% of investors involved in the study are even more bullish that Bitcoin will break $60,000 around April 2024.

55% of the respondents also predict that Bitcoin’s price will stabilize between $50,000 and $100,000. A smaller percentage is more optimistic that the price will surpass $150,000.

Investors in Western Europe are less optimistic about Bitcoin’s rally during the halving period. However, they remain optimistic about Bitcoin’s future outlook. More than 51% of investors in this region believe Bitcoin will rally past $100,000 in the next bull market.

Around 70% of respondents, a majority of them being from the MENA and East Europe regions, are planning to increase their crypto investments. This trend points towards high confidence in Bitcoin’s price outlook.

Conversely, investors in South East Asia and East Asia have a mixed investment outlook. These investors are hesitant to increase their Bitcoin holdings.

Bitget’s Managing Director, Gracy Chen, says the findings highlight mixed sentiments on Bitcoin’s performance in 2024. Nevertheless, they point towards the year being a significant one for the king of cryptocurrencies.

She assured investors that the exchange would continue playing a pivotal role in supporting the growth and development of Bitcoin.

“We are pleased to see such positive sentiment emerging as market conditions continue recovering,” Chen said. “At Bitget, we firmly believe in Bitcoin’s potential to establish itself as a truly global store of value.”

For more information, visit: Website  | Twitter  | Telegram  | LinkedIn  | Discord | Bitget Wallet

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