Institutional Investors Anticipate Strong Growth for Bitcoin and Ethereum by Year-End

A recent study by Nickel Digital Asset Management indicates a renewed confidence in the digital assets sector among institutional investors and wealth managers primarily from the US and UK. These professionals, who collectively oversee assets worth $3.5 trillion, are hopeful for a bullish trend regarding Bitcoin (BTC) and Ethereum (ETH) by the year’s end. The findings were shared with Finbold on Wednesday.

Despite potential market fluctuations, an impressive 99% of survey participants anticipate a positive conclusion for Ethereum this year. Additionally, there are expectations that Bitcoin could reach a price of $100,000 per BTC within the next five years.

The research suggests that the anticipated growth of Bitcoin and Ethereum is likely to boost demand for other cryptocurrencies, signaling a promising future for the entire digital asset market. This positive outlook reflects the strong long-term confidence that financial professionals have in the cryptocurrency space.

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