The decline of bitcoin over the last several weeks has raised concerns among investors in the space. The digital asset which had peaked at $69,000 had declined as low as $17,600 and continues to struggle to hold $20,000, dragging investor sentiment down with it. This same sentiment was shared by a polled group of Wall Street investors regarding how they viewed the digital asset. Mostly, investors do not see any bullish movement in the near future. Majority Says Bitcoin Is Going Down Out of the 950 respondents that were surveyed by MLIV Pulse, the majority revealed that they were not expecting any significant recovery for bitcoin. The digital asset is currently trading above $20,000 but these investors believe that it will likely crash further. A total of 60% of all respondents said they expected the price of bitcoin to actually decline to $10,000. Furthermore, they believe that this price point is more likely compared to the digital asset’s price hitting $30,000. Related Reading | Decline In Bitcoin Miner Revenues Suggests More Sell-Offs May Follow This same school of thought has been echoed by many in the space, especially on social media. However, it was not the only sentiment that was present in the investors surveyed. Despite the majority feeling the digital asset would succumb further to the bear market, there were still some who believed that there are more positive things coming. The remaining 40% of the survey poo...
