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Survey: Most Money Managers Believe Bitcoin's Price is Likely to Drop 50% Within the Next 12 Months

Summary: Most money managers surveyed by Deutsche Bank believe Bitcoin's price is more likely to drop 50% than double within the next 12 months. And they think Bitcoin could be a bubble. Not everyone is sure the market is in bubble territory. According to Pantera’s Dan Morehead and Joey Krug, if historical trends hold, “Bitcoin would peak ...

Most money managers surveyed by Deutsche Bank believe Bitcoin's price is more likely to drop 50% than double within the next 12 months. And they think Bitcoin could be a bubble. Not everyone is sure the market is in bubble territory. According to Pantera’s Dan Morehead and Joey Krug, if historical trends hold, “Bitcoin would peak at $115,212 /BTC in August 2021.”

By Amy Liu

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