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Survey: Chinese investors are confident that Bitcoin will overcome the mark of $ 30,000 in the next 12 months

UNITED STATES, WASHINGTON (OBSERVATORY) — According to the results of a survey conducted by BabelFinance, more than 30% of Chinese investors are confident that the price of bitcoin will overcome the $ 30,000 mark in the next 12 months. It is reported by Bitcoin Magazine with reference to the Chinese resource 8btc.

Most of the respondents are young, educated, and fairly well-off people, mostly males. 51.8% of respondents are people aged 26-35 years, 21.9% – 19-25 years old and 22.8% – 36-45 years old.

Among the main reasons for investing in cryptocurrency, the majority of respondents (84.3%) called optimism regarding the future prospects of bitcoin and the desire to keep this asset “for the long term”. 25.3% of respondents said that they were attracted by the possibility of short-term profits, and 19.3% said that they treated digital currencies as collectibles.

31.3% of the survey participants said that the share of crypto assets in their investment portfolios is more than 50%; in 12% of respondents, this indicator is in the range of 41-50%, and in 10.8% of Chinese crypto enthusiasts – from 31% to 40%.

Bitcoin is the most popular asset, but many also keep Ethereum (57.8% of respondents), USDT (50.6%) and EOS (41%).

More than 30% of respondents are sure that in the next 12 months the price of the first cryptocurrency will reach $ 30,000; 26.9% of respondents expressed the opinion that in a year BTC will be traded in the range of $ 15,000-20,000; 15.7% of participants indicated a corridor between $ 20,000 and $ 25,000.

Nevertheless, a significant part of the respondents associate bitcoin investments with fraud. Some simply do not know how to acquire cryptocurrency.

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