Retails Bitcoin Investors Are Still Bullish, Following Market Correction | CryptoGazette
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The market correction seems to be over, at least for now, and the bullish predictions about the price of Bitcoin keep pouring in. Check out the latest reports below.
It’s been revealed that there is a new survey conducted by global decision intelligence firm Morning Consult that shows an upbeat sentiment among retail Bitcoin (BTC) investors, despite the market downturn.
The new Morning Consult survey explained that the share of adults contemplating buying Bitcoin during the last week of January remained the same as it was at the start of November of 2021. If you recall, back then, the price started falling after hitting a record high of $69,044.
Retail investors’ interest in Bitcoin is still high
Check out what the notes are unveiling:
“Retail investors’ interest in Bitcoin hasn’t dampened since the price began dropping in November 2021. According to Morning Consult Brand Intelligence tracking, 21 percent of adults are considering purchasing Bitcoin as of last week, equal to the share who said the same at the beginning of November.”
The same survey is noting the fact that Bitcoin investors are “less nervous” about the price drop which started in November of 2021 than when the price started falling after hitting an ATH in April of 2021.
The Morning Consult survey explained the fact that Bitcoin investors, on average expect the price of the king coin to rise by over 40% from the current level in six months.
“To owners, Bitcoin’s current price represents just a dip, not a permanent loss of value. On average, they expect the price to increase substantially, to $55,223 in six months.”
The notes revealed the fact that people who own more than $500 worth of Bitcoin tended to respond more bullish on the price action.
At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $37,990.
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