Bitcoin (BTC) is more likely to tumble to $10,000 rather than rally back to $30,000, according to 60% of respondents from the latest Bloomberg MLIV Pulse survey. Investors Remain Skeptic Towards Crypto A Bloomberg MLIV Pulse survey showed that 60% of respondents believe that the world’s largest cryptocurrency is moving towards the $10,000 mark. Meanwhile, 40% of respondents think that it will eventually return to the $30,000 level. Most of those investors who participated in the survey expressed at least a certain degree of skepticism regarding cryptocurrencies. “The lopsided prediction underscores how bearish investors have become. The crypto industry has been rocked by troubled lenders, collapsed currencies, and an end to the easy money policies of the pandemic that fueled a speculative frenzy in financial markets,” the outlet stated. Retail Investors More Apprehensive Than Institutional The report added that retail investors were more apprehensive than their institutional counterparts. Almost a quarter of those surveyed thought digital assets were just “garbage,” but a similar number said they were the future of finance. Overall, the investors’ sentiment towards the industry remains a polarizing one, with 28% of the overall respondents believing that cryptocurrencies are the future of finance while 20% saying they are worthless. Bitcoin prices have lost around 70% since their peak, at around $69,000 in November. At the time...
