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78% of Americans Believe Bitcoin Will Hit New All-Time High, New Study Reveals

2 mins
Updated by Geraint Price
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In Brief

  • 78% of Americans anticipate Bitcoin will hit a new all-time high, according to a CryptoVantage survey.
  • 47% of surveyed individuals believe Bitcoin will surpass the $69,000 mark within the next five years.
  • Nearly half of respondents think Ethereum might surpass Bitcoin in terms of market capitalization.
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As Bitcoin (BTC) hovers around the $30,000 price range, 78% of Americans anticipate that the asset will hit a new all-time high.

The Bitcoin halving is around a year away, and hence there is speculation about a new bull run. Every halving season has resulted in Bitcoin hitting a new all-time high, but will the trend continue?

What Do Americans Think About Bitcoin Hitting a New All-Time High?

According to a CryptoVantage survey, 78% of respondents believe Bitcoin will hit a new all-time high. The company surveyed 1,000 individuals who are aged over 16 years old and those who invested in cryptocurrency.

23% of the respondents predicted that Bitcoin will hit an all-time high in the next year. While 47% think the flagship cryptocurrency will cross the $69,000 area in the next five years. A further 8% believe an all-time high will come after 2030.

The Bitcoin halving is scheduled for next year, and historically halving events have resulted in the start of a new bull run for cryptocurrencies.  

Learn more about the Bitcoin halving here
And learn how to buy Bitcoin from Apple Pay here.

It is also worth mentioning that 8% of the respondents believe Bitcoin will never return to its all-time high.

When will Bitcoin return to all-time highs?
When will Bitcoin return to all-time highs? Image Source: CryptoVantage

Respondents’ Opinions on Crypto Market 

For the broader crypto market, 75% of the participants believe that the prices of crypto will be the same or much higher in the next five years. In contrast, 16% of the respondents believe that the prices will be the same as now or much lower.

What will be cryptocurrency price in the next 5 years?
What will be cryptocurrency price in the next five years? Image Source: CryptoVantage

Since its inception, Bitcoin has enjoyed the title of being the largest cryptocurrency based on market capitalization. However, 46.4% of respondents believe that the second-largest cryptocurrency, Ethereum (ETH), will surpass Bitcoin in terms of market capitalization.

Around 20.8% of Americans consider Dogecoin (DOGE) to be a contender that has the best chance to flip Bitcoin’s market capitalization. 

Which coin can surpass Bitcoin?
Which coin can surpass Bitcoin? Image Source: CryptoVantage

Got something to say about Bitcoin’s all-time high or anything else? Write to us or join the discussion on our Telegram channel. You can also catch us on TikTok, Facebook, or Twitter.

For BeInCrypto’s latest Bitcoin (BTC) analysis, click here.

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Harsh Notariya
Harsh Notariya excels in delivering SEO-optimized crypto news under tight deadlines. Previously, as a Growth Marketer at Sporty and a Community Consultant at Totality Corp, he significantly boosted community engagement and followers. Harsh also crafted engaging content for top crypto influencer Shivam Chhuneja, blending meme references for an educational yet fun experience. His versatile skills make him a notable figure in crypto journalism.