Most of Wall Street believes that the price of bitcoin will fall by 2 times

According to a survey conducted by analysts from MLIV Pulse, Wall Street investors predict that bitcoin’s value will drop by half.

According to the analysts, 60% of investors are convinced that the value of the flagship cryptocurrency will drop to $ 10,000. However, 40% of respondents believe the opposite, predicting a BTC price of $ 30,000. At the time of writing, bitcoin is trading at $ 20,436 (according to CoinMarketCap).

Obviously, a crypto analyst under the pseudonym CryptoKaleo would disagree with the forecasts of Wall Street representatives, who predicted that the price of bitcoin would rise to $ 110,000 at the end of 2024. According to the analyst, BTC is expected to reach a historic high in 2 years. Over the next five months, according to the analyst, the value of the flagship cryptocurrency will fluctuate between $ 16,000 and $ 30,000.

And in January 2023, the asset will start to grow «incredibly fast,» to an average of $ 50,000, which is when prices for other cryptocurrencies and NFTs will increase. «In late 2024 or early 2025, we will finally see a new historical high for bitcoin and six figures,» Kaleo predicted.