53% said ‘Bitcoin price will drop below $20K in 2021’

While Bitcoin continues to break its all-time high records and garnered public attention again with a furious rally lately, more than half of global crypto users have put a dark prospect that bitcoin’s price will stay below its current level in 2021.

A recent Dove Wallet survey of 2,373 users worldwide asked, “what will Bitcoin be worth in 2021,” and 53% of respondents said it would be $20,000 or less. A whopping 38% predicted that bitcoin prices would fall below $10,000 in 2021 despite its continuing uptrend these days. While 12% of respondents forecasted it would stay between $20,000 and $30,000, 45% said it would hit $30,000 or higher, 8% for $30,000 to $40,000, 10% for $40,000 to $50,000, and 17% for higher than $50,000.

Given the current bullish market atmosphere, it is interesting to see the regional differential in users’ expectations for Bitcoin. For example, users from countries such as India, Egypt, Bangladesh, Algeria predict a significant drop in the Bitcoin price in 2021. Contrarily, users with the most optimistic view in Bitcoin price among major countries were South Korean users, with 57% expecting more than $30,000, and 36% of respondents said it would be over $50,000.