According to a new crypto poll conducted on Twitter, 80% of respondents believe Bitcoin would reach $100,000 by December 2021. Many respondents in the cryptocurrency poll predicted Bitcoin would be worth more than $100,000 by December, with 33% predicting BTC would be worth more than $288,000 by then.
The crypto survey illustrates how many months can create a large consensus in the crypto community. The stock-to-flow model, a prominent crypto supporter, polled his thousands of followers on their predictions for Bitcoin’s price by the end of the year.
The survey received nearly $50,000 in responses, making it a resounding success. Exactly 40% of respondents predicted over $100,000, 33.2 percent predicted over $288,000, and 10% predicted over $500,000.
The survey result is largely unsurprising, as the price of not only Bitcoin but also many other cryptos, such as ETH, BNB, and ADA, has shocked many. Even as uncertainty has risen and prices face significant rejections at critical levels, they have set an extreme new ATH that no one saw coming, making crypto adopters more bullish.
Because of the price increase in such a short time, institutional and individual acceptance of cryptocurrency has skyrocketed globally in 2021. In Turkey, Bitcoin has recently overtaken the Lira, the country’s conventional currency.
Why are people so optimistic about the BTC price – A cryptocurrency survey shows
The entire cryptocurrency ecosystem is bullish, with strong expectations that BTC will surpass $100,000 this year. Previously, this was not the case. Plan B conducted a similar survey in October 2020, when the price of Bitcoin was just seeking to reach $10,000. October 2020 seems to be a decade away now, despite the fact that it was just six months ago.
Several people in the survey expected that by December 2021, BTC will only be worth around $55,000. This shows how sentiments have shifted and how rapidly things can change in the crypto world in less than a year.