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 ...

To continue reading this article...

Join Professional Adviser

  • 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.



Already a Professional Adviser member?


More on Investment

Multi-Asset Roadshow 2024: PA is coming to a city near you!

Multi-Asset Roadshow 2024: PA is coming to a city near you!

Join us in Leeds, Warrington, Birmingham, Bristol and London

Professional Adviser
clock 07 December 2023 • 1 min read
The firm was co-founded by MP Jacob Rees-Mogg (pictured).

Somerset Capital Management to close after SJP redemptions

Two funds to be transferred after firm shuts

Elliot Gulliver-Needham
clock 07 December 2023 • 1 min read
The report also revealed that just six holdings of a total ten hold any value, with the remaining four companies representing no value in the fund.

Remaining Woodford fund assets shrink 40% since last distribution

Just six holdings of a total ten hold any value

James Baxter-Derrington
clock 07 December 2023 • 3 min read