Wealth managers optimistic on Bitcoin growth forecasts

Predictions Bitcoin will be worth £31,000 within six months

Hope William-Smith
clock • 1 min read

Wealth managers are predominantly optimistic about the future price of both Bitcoin and Ethereum, according to Nickel Digital Asset Management (NDAM).

A survey of 200 professional investors by the digital asset hedge fund manager found 46% forecast Bitcoin will be worth $35,000 (£32,000) or more within six months while nearly two thirds (64%) expect the price of Ethereum to exceed £2,000. It comes after software platform Ethereum saw a recent price drop in its native cryptocurrency it is most commonly known for. "Predicting future price movements in the cryptocurrency market is always a challenging endeavour," said NDAM chief executive and founding partner Anatoly Crachilov. "However, the survey clearly points to constructive price ...

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