A survey by the chief cryptocurrency administrator, Bitcoin IRA, 42% of the platform’s customers expect the price of Bitcoin (BTC) to exceed USD 15,000 by the end of 2020.
According to an announcement made on June 29 Bitcoin IRA surveyed over 300 of its customers who volunteered to answer their questions. Incredible 57% of respondents said they buy and own cryptocurrencies as a long-term investment.
Bitcoin IRA has high expectations for Bitcoin
Bitcoin IRA Chief Marketing Officer, Mike Schrobohe told Cointelegraph that all The respondents were private investors. On demand If the company believes the price prediction is correct, it says:
“We firmly believe in the fundamental long-term benefits and value propositions that cryptocurrencies offer to our financial system. The pressure on rising prices is likely to continue as bitcoin acceptance and shortage increases and fiat money supply worldwide increases during the pandemic. “
The survey also found that 53% of respondents are interested in earning interest on their investments, either through loans or other investments. Also, 46% also showed interest in investing in precious metals, 36% in cannabis and 9% in films.
Cointelegraph reported that at the end of May, the CEO of a market analysis company went as far as to say: that Bitcoin could take the role of gold to secure its value in the future as the world is increasingly leaning towards digital.