There was a prediction that Bitcoin would exceed $69,000, its all-time high, after the halving.
As a result of a recent BitGet survey of 10,000 global investors, 84% of respondents predicted that Bitcoin would break its record high of $69,000 in the next bull market after the halving.
Halving refers to the period when Bitcoin rewards are reduced by half every four years. The past three halvings led to a decrease in supply and increased scarcity, which was accompanied by an increase in the price of Bitcoin.
53% of investors expect the Bitcoin price range to be between $30,000 and $60,000 during the halving period. 30% predicted a surge of more than $60,000.
In a bull market after the halving, 55% of respondents expected Bitcoin to settle between $50,000 and $100,000, and 28% of respondents expected Bitcoin to settle between $100,000 and $150,000. 8% of respondents predicted that Bitcoin would surge to more than $150,000.
Optimistic investment sentiment was especially noticeable in South America and the Middle East and Africa. Western Europe and other countries had a cautious outlook on the immediate effect as the half-life could cause short-term uncertainty. However, he presented a high forecast for the bull market cycle after the halving, indicating optimism about Bitcoin's long-term prospects.
Meanwhile, 70% of respondents responded that they plan to increase their cryptocurrency holdings in 2024. 24% said they would maintain their existing investment level.
The Middle East and Africa and Eastern Europe were identified as the regions with the highest intention to expand cryptocurrency investment. Southeast Asia and East Asia announced that they would maintain their current investment levels, suggesting a cautious approach while waiting for market stabilization after the halving.
