Is the Bitcoin (BTC) Bull Run Over? What Are Small Investors Thinking? Check Out the Latest Survey Results!
According to a recent survey conducted by Coingecko, 81.6% of cryptocurrency investors believe that the crypto bull run is not yet over. This comes as Bitcoin (BTC) and altcoins have seen a decline since June, causing concerns among investors about the end of the bull market.
The survey revealed that 52.3% of respondents think that the current bull run is still in its early stages. Additionally, 29.3% of participants believe that the market is currently in the middle of a bull run. On the other hand, only 18.4% of respondents think that the current crypto bull market is in its final stages or has already ended.
Interestingly, similar predictions were made by both newcomers and experienced investors in the crypto industry. For investors with 0-3 years of crypto experience, 52.7% believe that the current bull run is still in its early stages. This percentage is slightly lower for investors with 4-7 years of experience (52.2%) and investors with 8 years or more of experience (51.8%).
Furthermore, 81.7% of respondents believe that the crypto market has not yet reached its peak and that it will continue to trend upwards when the real bull starts. Only 8.1% of participants think that the market has already reached its peak for this cycle and will only go down from here.
The survey, which was conducted anonymously, had 2,558 crypto investors participating between June 25 and July 8, 2024.
In conclusion, the majority of small investors are optimistic about the future of the crypto market, with a strong belief that the bull run is not over yet. However, it’s important to note that this information is not investment advice.
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Source: CoinGecko
