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 ...
To continue reading this article...
Join Professional Adviser
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence.
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters.
- Make smart business decisions with the latest developments in regulation, investing retirement and protection.
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes.
