Survey reveals 84% believe Bitcoin will hit new highs post-halving in 2024.
Investors plan to increase crypto investments, with 55% expecting $50K-$100K BTC price.
A new
survey from Bitget reveals bullish investor expectations around Bitcoin's
upcoming "halving" event in April 2024. 84% of respondents predict
Bitcoin surpassing its all-time high of $69,000 in the next bull run.
Investor Sentiment Upbeat
Ahead of 2024 Bitcoin Halving
The Bitget
study engaged nearly 10,000 crypto investors globally to analyze sentiment and
potential market impacts. Key findings from the extensive research reveal that 70%
of participants indicate plans to raise their crypto investments in 2024.
Regarding Bitcoin's potential post-halving price stabilization, 55% expect a
range between $50,000 and $100,000, while 30% forecast over $60,000 valuation
during the halving timeframe itself in April 2024.
"The
findings reflect a broad spectrum of expectations and investment plans,
indicating that 2024 will be a significant year for the Bitcoin market,"
said Gracy Chen, the Managing Director at Bitget.
Halving has
historically catalyzed appreciation for Bitcoin's value. Investors seem poised
to capitalize on potential gains, with bullish outlooks especially notable
across Latin America, Asia, and MENA respondents. Europe presented more
conservative expectations, both mid-term and long-term.
"We
are pleased to see such positive sentiment emerging as market conditions
continue recovering," Chen added. "The road ahead remains bright."
A Bitcoin halving is a planned reduction in the reward miners receive for mining new blocks and processing transactions on the Bitcoin network. The halving happens roughly every 4 years and cuts the mining reward in half. The goal is to control supply and prevent cryptocurrency inflation over time.
How Gender and Age Influences
Your Bitcoin Investments
In recent
reports by Bitget, the impact of gender and age on cryptocurrency investments
was analyzed, revealing insightful trends about investor demographics and their
motivations. It was discovered that gender significantly influences financial
goals, with a notable trend in South Korea and Japan, where a higher percentage
of female investors focus on personal finances compared to their male
counterparts. Specifically, 49% of women in South Korea and 41% in Japan
prioritize personal finance management, whereas only 17% and 30% of men in
these countries do so.
The August
report delves into the age distribution among cryptocurrency investors,
particularly those using Bitget's copy trading feature. It identifies Gen Z
users as the largest group of copy traders, accounting for 44% of the total,
showcasing their tech-savviness and susceptibility to social media influence.
They are
followed by individuals aged 25-35 (32%), those in the 35-55 range (17%), and
participants over 55 (7%). Among these, 72% of traders under 25 and 65% of
those between 55 and 64 rely on Bitget primarily for its copy trading
capabilities, indicating a strong preference for this investment approach
across diverse age groups.
Bitget,
established in 2018, serves over 20 million users globally through its crypto
exchange and Web3 solutions. In 2023, it recorded a jump of 94% in spot volumes on
its platform.
A new
survey from Bitget reveals bullish investor expectations around Bitcoin's
upcoming "halving" event in April 2024. 84% of respondents predict
Bitcoin surpassing its all-time high of $69,000 in the next bull run.
Investor Sentiment Upbeat
Ahead of 2024 Bitcoin Halving
The Bitget
study engaged nearly 10,000 crypto investors globally to analyze sentiment and
potential market impacts. Key findings from the extensive research reveal that 70%
of participants indicate plans to raise their crypto investments in 2024.
Regarding Bitcoin's potential post-halving price stabilization, 55% expect a
range between $50,000 and $100,000, while 30% forecast over $60,000 valuation
during the halving timeframe itself in April 2024.
"The
findings reflect a broad spectrum of expectations and investment plans,
indicating that 2024 will be a significant year for the Bitcoin market,"
said Gracy Chen, the Managing Director at Bitget.
Halving has
historically catalyzed appreciation for Bitcoin's value. Investors seem poised
to capitalize on potential gains, with bullish outlooks especially notable
across Latin America, Asia, and MENA respondents. Europe presented more
conservative expectations, both mid-term and long-term.
"We
are pleased to see such positive sentiment emerging as market conditions
continue recovering," Chen added. "The road ahead remains bright."
A Bitcoin halving is a planned reduction in the reward miners receive for mining new blocks and processing transactions on the Bitcoin network. The halving happens roughly every 4 years and cuts the mining reward in half. The goal is to control supply and prevent cryptocurrency inflation over time.
How Gender and Age Influences
Your Bitcoin Investments
In recent
reports by Bitget, the impact of gender and age on cryptocurrency investments
was analyzed, revealing insightful trends about investor demographics and their
motivations. It was discovered that gender significantly influences financial
goals, with a notable trend in South Korea and Japan, where a higher percentage
of female investors focus on personal finances compared to their male
counterparts. Specifically, 49% of women in South Korea and 41% in Japan
prioritize personal finance management, whereas only 17% and 30% of men in
these countries do so.
The August
report delves into the age distribution among cryptocurrency investors,
particularly those using Bitget's copy trading feature. It identifies Gen Z
users as the largest group of copy traders, accounting for 44% of the total,
showcasing their tech-savviness and susceptibility to social media influence.
They are
followed by individuals aged 25-35 (32%), those in the 35-55 range (17%), and
participants over 55 (7%). Among these, 72% of traders under 25 and 65% of
those between 55 and 64 rely on Bitget primarily for its copy trading
capabilities, indicating a strong preference for this investment approach
across diverse age groups.
Bitget,
established in 2018, serves over 20 million users globally through its crypto
exchange and Web3 solutions. In 2023, it recorded a jump of 94% in spot volumes on
its platform.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
Crypto Regulations Are Imminent, but Will the Regulators Align?
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
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