According to new research, professional investors expect Bitcoin and Ethereum growth after what is currently being termed as a period of crypto winter, over 200 professional investors were surveyed who collectively manage over $2 trillion, by London-based Nickel Digital Asset Management.
The research was commissioned with 200 professional investors from across seven countries who collectively manage around $2.2 trillion in assets and found 46 percent forecast Bitcoin will be worth $35,000 or more within six months, while 64 percent predict the price of Ethereum will exceed $2,000 during the same period.
The research was conducted when Bitcoin was trading at around $24,000 and Ethereum at around $1900, the institutional investors and wealth managers surveyed have expressed optimism about the future price of Bitcoin and Ethereum.
Nickel is an FCA regulated and award-winning digital assets hedge fund manager founded by senior traders and investment professionals formerly from major financial institutions including Goldman Sachs and JPMorgan.
“Predicting future price movements in the cryptocurrency market is always a challenging endeavor, however the survey clearly points to constructive price recovery expectations by institutional investors.” said Anatoly Crachilov, CEO & Founding Partner at Nickel Digital.
This month Ethereum successfully completed the Merge which moved the coin from a proof-of-work system to a proof-of-stake system, making it more eco-friendly. Contrary to expert opinions, Ethereum dropped in value after the Merge.
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