{"id":60433,"date":"2024-07-30T09:00:38","date_gmt":"2024-07-30T08:00:38","guid":{"rendered":"https:\/\/www.etfworld.com\/co.uk\/?p=60433"},"modified":"2024-07-31T16:36:11","modified_gmt":"2024-07-31T15:36:11","slug":"nickel-digital-institutional-investors-and-wealth-managers-convinced-on-100000-bitcoin","status":"publish","type":"post","link":"https:\/\/www.etfworld.com\/co.uk\/nickel-digital-institutional-investors-and-wealth-managers-convinced-on-100000-bitcoin\/","title":{"rendered":"Nickel Digital : Institutional investors and wealth managers convinced on $100,000 Bitcoin"},"content":{"rendered":"
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 (1)<\/sup> by London-based Nickel Digital Asset Management<\/strong><\/h5>\n
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Sign up to our free newsletters<\/strong><\/a><\/p>\n

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Anatoly Crachilov, CEO and Founding Partner at Nickel Digital<\/strong><\/p>\n

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\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 97% of investors questioned by Nickel believe $100,000 will be achieved with one in five predicting it within two years<\/strong><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 That compares with 75% at the start of the year and investors are also optimistic on Bitcoin and Ethereum’s performance this year<\/strong><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Almost all expect Altcoins and other digital assets to benefit from the strong performance of two major currencies<\/strong><\/p>\n

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 (1)<\/sup> by London-based Nickel Digital Asset Management (Nickel), Europe\u2019s leading regulated and award-winning, regulated digital assets hedge fund manager founded by alumni of Bankers Trust, Goldman Sachs and JPMorgan.<\/p>\n

The study with organisations invested in the sector found 97% now believe the \u00a3100,000 mark will be achieved up from 75% (2)<\/sup> 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.<\/p>\n

Nickel\u2019s 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\u2019s price performance is translating into support for altcoins and other digital assets.<\/p>\n

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

The study found high levels of confidence in the price performance of Bitcoin and Ethereum \u2013 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.<\/p>\n

The table below shows their predictions on where the major digital assets will end the year.<\/p>\n\n\n\n\n\n\n\n\n
What will the price of Bitcoin be at the end of the year?<\/strong><\/td>\nNumber predicting this price<\/strong><\/td>\nWhat will the price of Ethereum be at the end of the year?<\/strong><\/td>\nNumber predicting this price<\/strong><\/td>\n<\/tr>\n
Below $70,000<\/td>\n8%<\/td>\nBelow $3,700<\/td>\n4%<\/td>\n<\/tr>\n
Between $70,000 and $80,000<\/td>\n67%<\/td>\nBetween $3,700 and $4,000<\/td>\n52%<\/td>\n<\/tr>\n
Between $80,000 and $100,000<\/td>\n22%<\/td>\nBetween $4,000 and $5,000<\/td>\n34%<\/td>\n<\/tr>\n
Between $100,000 and $125,000<\/td>\n2%<\/td>\nBetween $5,000 and $6,000<\/td>\n8%<\/td>\n<\/tr>\n
Over $125,000<\/td>\n1%<\/td>\nMore than $6,000<\/td>\n2%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Anatoly Crachilov, CEO and Founding Partner at Nickel Digital<\/span>, said:<\/strong> “We are witnessing structural improvement of investor confidence. Earlier this year, only 75% of respondents believed the $100,000 Bitcoin milestone was possible, while now nearly all do. This surge in optimism underscores improving political rhetoric around digital assets and growing credibility of the sector.\u201d<\/p>\n

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Footnotes<\/strong><\/p>\n

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  • Nickel Digital commissioned the market research company Pureprofile to interview 200 institutional investors and wealth managers across the US, UK, Germany, Singapore, Switzerland, Brazil and the UAE in June 2024.<\/li>\n
  • Nickel Digital commissioned the market research company Pureprofile to interview 200 institutional investors and wealth managers across the US, UK, Germany, Singapore, Switzerland, Brazil and the UAE in January 2024.<\/li>\n<\/ul>\n

    Source: ETFWorld.co.uk<\/p>\n","protected":false},"excerpt":{"rendered":"

    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 (1) by London-based Nickel Digital Asset Management<\/p>\n","protected":false},"author":4,"featured_media":60071,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"telegram_tosend":false,"telegram_tosend_message":"","telegram_tosend_target":0,"footnotes":"","_wpscp_schedule_draft_date":"","_wpscp_schedule_republish_date":"","_wpscppro_advance_schedule":false,"_wpscppro_advance_schedule_date":"","_wpscppro_dont_share_socialmedia":null,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"default","_twitter_share_type":"default","_linkedin_share_type":"default","_pinterest_share_type":"default","_linkedin_share_type_page":"","_instagram_share_type":"default","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":null,"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[393],"tags":[512],"class_list":["post-60433","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-nickel-digital-asset-management"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"_links":{"self":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts\/60433","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/comments?post=60433"}],"version-history":[{"count":2,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts\/60433\/revisions"}],"predecessor-version":[{"id":60435,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts\/60433\/revisions\/60435"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/media\/60071"}],"wp:attachment":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/media?parent=60433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/categories?post=60433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/tags?post=60433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}