U.S. adults think that the largest cryptocurrency will be trading below the $12,000 in six months from now
According to a recent survey Published by Morning Consult, US adults believe the price of the world’s largest cryptocurrency bitcoin will drop to $11,500 within the next six months.
The survey shows that the average American is turning more bearish on Bitcoin amid the collapse of the FTX exchange. In October, U.S. adults predicted that the price of the leading cryptocurrency would be able to remain above the $15,000 level.
When it comes to survey participants who own cryptocurrencies, they are predictably more optimistic. Cryptocurrency holders are convinced that bitcoin will be trading at the $17,500 level in six months.
The price of Bitcoin is down 76.00% from its all-time high of $69,044 which was achieved a few years ago.
Despite the fact that some analysts say that crypto is now dead after the explosion of the FTX empire, a large proportion of survey respondents are confident that crypto will still be around ten years from now.
Twenty-one percent of U.S. adults still intend to purchase cryptocurrencies in December in spite of the ongoing crypto winter. There has been only a minor drop in purchase consideration compared to October.
Those survey participants who own crypto view digital currencies as long-term investments.
Forty-two percent of U.S adults think that cryptocurrencies should be subjected to the same regulatory scrutiny as traditional finance or face even harsher rules.
