Trending: Investing in Bitcoin / 5 reasons to invest in Amazon / Investing in the Metaverse / Juicy Fields scandal
Tuesday, August 16, 2022
INVESTOR TIMES
  • Home
  • News
    People’s Bank of China cuts interest rates unexpectedly

    People’s Bank of China cuts interest rates unexpectedly

    Japan’s GDP grew 0.5% in the second quarter

    Japan’s GDP grew 0.5% in the second quarter

    Multi-event week for the financial world

    Multi-event week for the financial world

    Sony, Nintendo and Microsoft: stocks in trouble for a business in “stand by”

    Sony, Nintendo and Microsoft: stocks in trouble for a business in “stand by”

    Five Chinese state-owned companies to delist their shares on Wall Street

    Five Chinese state-owned companies to delist their shares on Wall Street

    Crypto companies are increasing spending on sports sponsorships

    Crypto companies are increasing spending on sports sponsorships

    Qualcomm and GlobalFoundries to double semiconductor production

    Qualcomm and GlobalFoundries to double semiconductor production

    McDonald’s reopens restaurants in Ukraine after six months

    McDonald’s reopens restaurants in Ukraine after six months

    The hedge fund Melvin Capital continues to be investigated by the SEC.

    The hedge fund Melvin Capital continues to be investigated by the SEC.

  • Markets
    People’s Bank of China cuts interest rates unexpectedly

    People’s Bank of China cuts interest rates unexpectedly

    Rally in the S&P 500: Are we out of the bottom yet?

    Rally in the S&P 500: Are we out of the bottom yet?

    Sony, Nintendo and Microsoft: stocks in trouble for a business in “stand by”

    Sony, Nintendo and Microsoft: stocks in trouble for a business in “stand by”

    Five Chinese state-owned companies to delist their shares on Wall Street

    Five Chinese state-owned companies to delist their shares on Wall Street

    Saxo Bank: UK is becoming an emerging market

    Saxo Bank: UK is becoming an emerging market

    The hedge fund Melvin Capital continues to be investigated by the SEC.

    The hedge fund Melvin Capital continues to be investigated by the SEC.

    OPEC+ raises oil production target by 100,000 barrels per day

    OPEC+ raises oil production target by 100,000 barrels per day

    G7 proposes to block Russian oil transit

    G7 proposes to block Russian oil transit

    S&P 500: Top 4 sectors to invest in 2022

    S&P 500: Top 4 sectors to invest in 2022

  • Investing
    Multi-event week for the financial world

    Multi-event week for the financial world

    Jesse Livermore: 10 Lessons for Today’s Investor

    Jesse Livermore: 10 Lessons for Today’s Investor

    General Motors stock suffers due to supply problems

    General Motors stock suffers due to supply problems

    Callaway cuts earnings even on record revenues: good entry point

    Callaway cuts earnings even on record revenues: good entry point

    S&P 500: Top 4 sectors to invest in 2022

    S&P 500: Top 4 sectors to invest in 2022

    The price of coal is soaring: By investing in this company, you can benefit from the rise

    The price of coal is soaring: By investing in this company, you can benefit from the rise

    Farmland: Why are the rich investing in it?

    Farmland: Why are the rich investing in it?

    Jefferies anticipates difficulties for Lululemon: there is room to wait

    Jefferies anticipates difficulties for Lululemon: there is room to wait

    Mining companies earned millions in 2021: How to invest in them in 2022?

    Mining companies earned millions in 2021: How to invest in them in 2022?

  • Technology
    Ford raises price of electric vehicles due to these raw materials

    Ford raises price of electric vehicles due to these raw materials

    Electric cruise ships: a business niche about to set sail

    Electric cruise ships: a business niche about to set sail

    Qualcomm and GlobalFoundries to double semiconductor production

    Qualcomm and GlobalFoundries to double semiconductor production

    why are Apple and Google fighting over the color of bubbles?

    Why are Apple and Google fighting over the color of bubbles?

    Spotify’s financial results exceed expectations

    Spotify’s financial results exceed expectations

    General Motors and LG obtain 2.5 billion dollars to develop lithium batteries

    General Motors and LG obtain 2.5 billion dollars to develop lithium batteries

    Blockchain emerging as an alternative to SWIFT

    Blockchain emerging as an alternative to SWIFT

    Wages in the metaverse will be 50% higher, says study

    Wages in the metaverse will be 50% higher, says study

    $100 billion in revenue for China’s telecommunications industry

    $100 billion in revenue for China’s telecommunications industry

  • CryptocurrenciesTRENDING
    Monero blockchain executed update

    Monero blockchain executed update

    DCA: Investing in Bitcoin without fearing volatility

    DCA: Investing in Bitcoin without fearing volatility

    Crypto companies are increasing spending on sports sponsorships

    Crypto companies are increasing spending on sports sponsorships

    Director of the Central Bank of Brazil highlights the advantages of Bitcoin

    Director of the Central Bank of Brazil highlights the advantages of Bitcoin

    Crypto massification is inevitable, says Vitalik Buterin

    Crypto massification is inevitable, says Vitalik Buterin

    Cryptocurrency market: How to segment it?

    Cryptocurrency market: How to segment it?

    UK court finds Craig Wright’s claims “false”

    UK court finds Craig Wright’s claims “false”

    Security flaw allowed hackers to steal nearly $200 million from Nomad

    Security flaw allowed hackers to steal nearly $200 million from Nomad

    Solana opens an exclusive store in New York

    Solana opens an exclusive store in New York

S&P 500 (USA) 
4.297.14  16.99  0.40%  
NASDAQ Composite (USA) 
13.128.05  80.87  0.62%  
Dow Jones (USA) 
33.912.44  151.39  0.45%  
FTSE 100 (United Kingdom) 
7.535.06  25.91  0.35%  
EURO STOXX 50 (Europe) 
3.805,34  15,72  0,00%  
Nikkei 225 
28.868.91  2.87  0.01%  
VIX 
20.01  0.48  2.46%  
Bitcoin (USD) 
24.034.06  21.06  0.09%  
Ethereum (USD) 
1.882.92  12.94  0.68%  
  • Home
  • News
    People’s Bank of China cuts interest rates unexpectedly

    People’s Bank of China cuts interest rates unexpectedly

    Japan’s GDP grew 0.5% in the second quarter

    Japan’s GDP grew 0.5% in the second quarter

    Multi-event week for the financial world

    Multi-event week for the financial world

    Sony, Nintendo and Microsoft: stocks in trouble for a business in “stand by”

    Sony, Nintendo and Microsoft: stocks in trouble for a business in “stand by”

    Five Chinese state-owned companies to delist their shares on Wall Street

    Five Chinese state-owned companies to delist their shares on Wall Street

    Crypto companies are increasing spending on sports sponsorships

    Crypto companies are increasing spending on sports sponsorships

    Qualcomm and GlobalFoundries to double semiconductor production

    Qualcomm and GlobalFoundries to double semiconductor production

    McDonald’s reopens restaurants in Ukraine after six months

    McDonald’s reopens restaurants in Ukraine after six months

    The hedge fund Melvin Capital continues to be investigated by the SEC.

    The hedge fund Melvin Capital continues to be investigated by the SEC.

  • Markets
    People’s Bank of China cuts interest rates unexpectedly

    People’s Bank of China cuts interest rates unexpectedly

    Rally in the S&P 500: Are we out of the bottom yet?

    Rally in the S&P 500: Are we out of the bottom yet?

    Sony, Nintendo and Microsoft: stocks in trouble for a business in “stand by”

    Sony, Nintendo and Microsoft: stocks in trouble for a business in “stand by”

    Five Chinese state-owned companies to delist their shares on Wall Street

    Five Chinese state-owned companies to delist their shares on Wall Street

    Saxo Bank: UK is becoming an emerging market

    Saxo Bank: UK is becoming an emerging market

    The hedge fund Melvin Capital continues to be investigated by the SEC.

    The hedge fund Melvin Capital continues to be investigated by the SEC.

    OPEC+ raises oil production target by 100,000 barrels per day

    OPEC+ raises oil production target by 100,000 barrels per day

    G7 proposes to block Russian oil transit

    G7 proposes to block Russian oil transit

    S&P 500: Top 4 sectors to invest in 2022

    S&P 500: Top 4 sectors to invest in 2022

  • Investing
    Multi-event week for the financial world

    Multi-event week for the financial world

    Jesse Livermore: 10 Lessons for Today’s Investor

    Jesse Livermore: 10 Lessons for Today’s Investor

    General Motors stock suffers due to supply problems

    General Motors stock suffers due to supply problems

    Callaway cuts earnings even on record revenues: good entry point

    Callaway cuts earnings even on record revenues: good entry point

    S&P 500: Top 4 sectors to invest in 2022

    S&P 500: Top 4 sectors to invest in 2022

    The price of coal is soaring: By investing in this company, you can benefit from the rise

    The price of coal is soaring: By investing in this company, you can benefit from the rise

    Farmland: Why are the rich investing in it?

    Farmland: Why are the rich investing in it?

    Jefferies anticipates difficulties for Lululemon: there is room to wait

    Jefferies anticipates difficulties for Lululemon: there is room to wait

    Mining companies earned millions in 2021: How to invest in them in 2022?

    Mining companies earned millions in 2021: How to invest in them in 2022?

  • Technology
    Ford raises price of electric vehicles due to these raw materials

    Ford raises price of electric vehicles due to these raw materials

    Electric cruise ships: a business niche about to set sail

    Electric cruise ships: a business niche about to set sail

    Qualcomm and GlobalFoundries to double semiconductor production

    Qualcomm and GlobalFoundries to double semiconductor production

    why are Apple and Google fighting over the color of bubbles?

    Why are Apple and Google fighting over the color of bubbles?

    Spotify’s financial results exceed expectations

    Spotify’s financial results exceed expectations

    General Motors and LG obtain 2.5 billion dollars to develop lithium batteries

    General Motors and LG obtain 2.5 billion dollars to develop lithium batteries

    Blockchain emerging as an alternative to SWIFT

    Blockchain emerging as an alternative to SWIFT

    Wages in the metaverse will be 50% higher, says study

    Wages in the metaverse will be 50% higher, says study

    $100 billion in revenue for China’s telecommunications industry

    $100 billion in revenue for China’s telecommunications industry

  • CryptocurrenciesTRENDING
    Monero blockchain executed update

    Monero blockchain executed update

    DCA: Investing in Bitcoin without fearing volatility

    DCA: Investing in Bitcoin without fearing volatility

    Crypto companies are increasing spending on sports sponsorships

    Crypto companies are increasing spending on sports sponsorships

    Director of the Central Bank of Brazil highlights the advantages of Bitcoin

    Director of the Central Bank of Brazil highlights the advantages of Bitcoin

    Crypto massification is inevitable, says Vitalik Buterin

    Crypto massification is inevitable, says Vitalik Buterin

    Cryptocurrency market: How to segment it?

    Cryptocurrency market: How to segment it?

    UK court finds Craig Wright’s claims “false”

    UK court finds Craig Wright’s claims “false”

    Security flaw allowed hackers to steal nearly $200 million from Nomad

    Security flaw allowed hackers to steal nearly $200 million from Nomad

    Solana opens an exclusive store in New York

    Solana opens an exclusive store in New York

INVESTOR TIMES
Home Cryptocurrencies
UPDATED: July 19, 2022

Investors see Bitcoin falling to US$10,000, survey shows

Pessimism among retail investors is greater than among professional investors.

Santiago Contreras by Santiago Contreras
7/14/2022 - 17:46
in Cryptocurrencies
Reading Time: 3 mins read
Share on FacebookShare on TwitterShare on LinkedIn

The likelihood of Bitcoin trading at $10,000 instead of $30,000 in the coming months is closer, as revealed by the latest MLIV Pulse survey of a large group of U.S. investors published by Bloomberg.

Nearly two-thirds of the 950 investors who participated in the polling firm’s survey believe the price of the world’s largest cryptocurrency by market capitalization will continue to fall

However, the rest of the investors who responded to the survey believe quite the opposite. They claim that the price of the digital currency will go back up to close to $30,000.

On Tuesday at 07:27 pm (UTC +2) Bitcoin recorded a 2.61% drop in the last 24 hours and was trading at US $ 19,633.

One in four investors consider these assets as “junk”

Investors’ forecasts account for the gloomy outlook the markets are observing on cryptocurrency. The crypto winter that has brought with it a series of DeFi company bankruptcies and failed coin projects, has been coupled with the drastic change in central bank policies.

The easy money that financial markets enjoyed during more than two years of pandemic became more expensive and high-risk assets such as cryptocurrencies have been its first victims

The digital asset crisis has wiped about $2 trillion from the crypto market this year, according to CoinGecko data. Retail investors’ concerns about cryptocurrencies became apparent, with about 25% of them saying these assets were junk.

While institutional or professional investors held a slightly more favorable opinion towards these types of investments. The responses provided indicate that opinion on digital assets is polarized.

Twenty-eight percent of respondents said they were still confident that digital currencies represent the future of the new global financial system. Another 20% said they are worthless assets.

Skepticism about the crypto market

However, the majority of investors surveyed said they were somewhat skeptical about the performance of the cryptocurrency market. Since November, when it reached an all-time high of US $69,000, the price of BTC has plunged by more than two-thirds. In November 2020 its price was US $ 10,000.

For Jared Madfes, a partner at venture capital firm, Tribe Capital, “it’s very easy to be fearful right now, not just in crypto, but in general in the world.” He noted that pessimistic expectations about a further cryptocurrency crash only reflect “people’s inherent fear in the market.”

As is already being observed, the collapse of the cryptocurrency market is leading regulators around the world to exert more pressure to pass stricter regulatory rules on the industry in the near term.

The majority of respondents see it as a good thing that governments are overseeing the market more and better. According to them, this could improve confidence in cryptocurrencies and generate greater acceptance of these assets among institutional and retail investors.

Retail investors affected by the collapse of TerraUSD and lenders and brokers such as Celsius Network and Voyager Digital Ltd. are likely to welcome the adoption of clear rules on this market with a smile.

Bitcoin and Ether will survive

On the other hand, central banks – among them the European Central Bank – plan to issue by the end of the year their own digital currencies (CBDC) to be used as an alternative payment instrument to traditional fiat money.

Despite the strong price shakeout on the crypto industry investors surveyed do not expect Bitcoin or Ether, the largest cryptos on the market, to be totally crushed by the crisis and by the potential threat of central bank digital currencies.

Rather, they foresee either of these two tokens re-emerging more strongly over the next five years. On the other hand, a considerable number of investors surveyed are of the opinion that CBDCs will assume a key role in global finance going forward.

“Bitcoin is still driving much of the cryptoverse, while Ethereum is losing its lead,” noted Ed Moya, senior market analyst at cryptocurrency broker Oanda Corp.

NFTs at the tail end of preferences

On non fungible tokens (NFTs) the opinion of respondents was more or less consensus. These assets depicted in monkey figures and other images that captured the attention of some investors and created a bubble around their inflated prices, are not very well regarded.

Most respondents see NFTs only as “art projects” or “status symbols.” Just 9% see them as a serious investment opportunity. So those looking for a potential speculative option in them might be better off exploring other areas.

Moreover, it would be difficult, after learning how the price bubble of these assets operated, for them to be artificially inflated again. That is, the owner would launch an NFT and buy it himself through another company he owned for a very high price in order to make people believe that it was trading very well.

Almost all respondents agree that the next big boom in the market will not be related to cryptocurrencies. They believe that both NFTs and web3 and oncoming blockchain developments will not catch investors’ attention again.

“The next financial bubble is always something different than the last bubble, so most are absolutely right on this one,” Miller Tabak + Co chief market strategist Matt Maley finished off by saying.

Tags: BitcoinBitcoin priceMLIV Pulse Survey

Related articles

Monero blockchain executed update
Cryptocurrencies

Monero blockchain executed update

by Alejandro Gil
— August 15, 2022
DCA: Investing in Bitcoin without fearing volatility
Cryptocurrencies

DCA: Investing in Bitcoin without fearing volatility

by Alejandro Gil
— August 15, 2022
Crypto companies are increasing spending on sports sponsorships
Cryptocurrencies

Crypto companies are increasing spending on sports sponsorships

by Santiago Contreras
— August 12, 2022
Director of the Central Bank of Brazil highlights the advantages of Bitcoin
Cryptocurrencies

Director of the Central Bank of Brazil highlights the advantages of Bitcoin

by Alejandro Gil
— August 12, 2022
Crypto massification is inevitable, says Vitalik Buterin
Cryptocurrencies

Crypto massification is inevitable, says Vitalik Buterin

by Alejandro Gil
— August 12, 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Last published articles

People’s Bank of China cuts interest rates unexpectedly
Markets

People’s Bank of China cuts interest rates unexpectedly

by Eric Nesich
— August 15, 2022
Japan’s GDP grew 0.5% in the second quarter

Japan’s GDP grew 0.5% in the second quarter

by Eric Nesich
  August 15, 2022

Ford raises price of electric vehicles due to these raw materials

Ford raises price of electric vehicles due to these raw materials

by Pablo Petovel
  August 15, 2022

Multi-event week for the financial world

Multi-event week for the financial world

by Alejandro Gil
  August 15, 2022

Rally in the S&P 500: Are we out of the bottom yet?

Rally in the S&P 500: Are we out of the bottom yet?

by Jesús Castillo
  August 15, 2022

Facebook Twitter LinkedIn Telegram RSS

ABOUT INVESTOR TIMES

INVESTOR TIMES is an independent publication of economic, finance and investment content, owned and operated by Altas Ventures.

MORE ABOUT US

  • Our team
  • Work with us
  • Advertise on IT
  • Contact
  • Corporate information
  • Terms of Use
  • Cookies Policy
  • Privacy Policy

INTERNATIONAL EDITIONS

Investor Times in English

Investor Times en Français

Investor Times in Deutsch

Investor Times in Italiano

Investor Times em Português

Investor Times po Polsku

Investor Times на русском языке

El País Financiero (edición en Español)

© ATLAS VENTURES SLU, all rights reserved. Any information contained in INVESTOR TIMES is for educational and/or informational purposes only, it is not financial and/or investment advice. INVESTOR TIMES may obtain economic retribution by recommending services or products of third parties. INVESTOR TIMES does not accept, nor will it accept in the future, subsidies or funds from Governments, political parties or public institutions.

No Result
View All Result
  • Home
  • News
  • Markets
  • Investing
  • Cryptocurrencies
  • Technology

  •  EXCLUSIVE  3 Russian men are the real perpetrators behind Juicy Fields, says Glanse

     NEW  Compound Interest Calculator

     TRENDING 
    Investing in Bitcoin Investing in the Metaverse 5 reasons to invest in Amazon

© ATLAS VENTURES, all rights reserved.