JPMorgan Chase administered a new survey to its customers. According to the results of this survey, respondents expect the BTC price to be above $60,000 by the end of 2022. Only 2% of respondents believe that Bitcoin will trade below $10,000 by 2023.

The Bitcoin price also lost more than 70% in 2018. As it is known, some predict that the Fed will continue its hawkish stance, causing further declines in Bitcoin. Bitcoin started a new decline in December due to the Fed's statements about interest rate hikes and destroyed the hopes of the Santa rally, which means the New Year's rally in the community.

Those who voted in the poll do not expect a big rally for BTC in the cryptocurrency market. Only 5% of respondents think Bitcoin can go above $100,000.

BTC 2022 survey

Some, such as El Salvador's president, Nayib Bukele, are optimistic that the Bitcoin cryptocurrency will reach $200,000 by 2022. In a report prepared by JPMorgan in November, he stated that if institutions start to keep Bitcoin crypto currency in their portfolio instead of gold, Bitcoin can rise between 146 and 150 thousand dollars in the long term, and that the levels of 73 thousand dollars gone in 2022 are reasonable values. .

Bitcoin slid as low as $39,651 yesterday, trading below $40,000 for the first time since September. Then, starting a recovery, Bitcoin is trading at $ 41,829 as of publication time.

btc wallet

Eyes on Fed Chairman Jerome Powell

Gold and Bitcoin investors will have their eyes on the USA today and tomorrow. Fed Chairman Jerome Powell will speak in the Senate today on his second term presidential candidacy. The text of the speech in question has been published. While there is no statement in the text that will surprise the markets, the question-answer part of the meeting will be followed today. What is expected to affect prices is the US inflation data to be announced tomorrow. Analysts stated that higher-than-expected inflation will mean that the Fed may take tightening steps earlier. In this case, the dollar will strengthen and there may be decreases in gold and cryptocurrencies. However, since the Fed's extra loose monetary policy due to the epidemic, gold has appreciated by 11.7% and Bitcoin by 588%. Therefore, it is stated that tightening steps may lead to harder movements in Bitcoin than gold.