Nickel: Institutional investors are convinced on $100,000 Bitcoin price

Nickel: Institutional investors are convinced on $100,000 Bitcoin price

July 30, 2024

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Institutional investors and wealth managers are increasingly convinced the $100,000 Bitcoin landmark will be achieved with one in five expecting it will be hit within two years (the current price is $66,687), according to new global research  by London-based Nickel Digital Asset Management (Nickel), Europe’s leading regulated and award-winning, regulated digital assets hedge fund manager.

The study with organisations invested in the sector found 97% now believe the £100,000 mark will be achieved up from 75% when Nickel asked the same question in January this year. Around one in five (20%) expect the $100,000 valuation to be achieved within two years.

Nickel’s research with institutional investors and wealth managers in the US, UK, Germany, Switzerland, Singapore, Brazil and the United Arab Emirates who collectively manage around $1.7 trillion in assets found confidence in Bitcoin and Ethereum’s price performance is translating into support for altcoins and other digital assets.

Almost all (98%) questioned believe altcoins and other digital assets will attract more investment which compares with 83% expressing the same view in January.

The study found high levels of confidence in the price performance of Bitcoin and Ethereum – around 92% expect Bitcoin to end the year higher than the $70,000 price it was at when the survey was carried out (June 2024) while 96% expect Ethereum to end the year higher than the $3,700 it was when the survey was conducted.

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