Bitcoin investors more bullish than 50% Cost crash: Poll

Even with Bitcoin (BTC) along with the broader cryptocurrency marketplace experiencing one of its worst crashes lately, investors are seemingly more bullish than ever seeing the potential fortunes of Bitcoin plus a plethora of altcoins.

That is based on the outcome of a Q2 retail investment poll conducted by crypto company Voyager Digital, which polled 3,671 high tech traders around the Voyager platform.

The poll's findings demonstrated that 81 percent of respondents are more optimistic in the future of cryptocurrency, even following the violent cost crash in April and May, that saw Bitcoin and many others shed more than 50 percent of the worth.

Many coins have recovered significantly, even though the industry still remains unclear. Regardless of this, 87 percent of the poll's respondents said they intended to maximize their own crypto holdings during the next quarter -- a rise on the 80 percent who said the exact same in Q1.

Some 39 percent of respondents said they anticipated the Bitcoin cost to drop between $56,000 and $70,000 at the end of Q3 2021, while 28 percent predicted a Bitcoin cost between $41,000 and $55,000. The proportion of respondents that thought Bitcoin would attain a cost of $71,000 stood at 18%, down from the prior poll's figure of 20 percent.

Some 55% stated they had been bullish on Cardano over another altcoin, together with Dogecoin (DOGE) coming in second (11 percent ), followed closely by Chainlink (hyperlink ) (6 percent ) and Polkadot (DOT) (6 percent ).

Voyager Digital CEO Steve Ehrlich said it was reassuring to see continued religion in the cryptocurrency marketplace regardless of the current crash. Ehrlich indicated the outcomes of the survey suggest that many investors see the current market dip for a buying opportunity, instead of a portent of worse to come.

"Our findings demonstrate that 87 percent of investors want to raise their crypto holdings within another quarter, a much greater percentage compared to the previous poll we conducted in April," he added.