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Blockchain Press Releases

Bitget Study: 84% Investors Predict BTC Reaching New High in Next Bull, 70% Plan to Increase 2024 Investments

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VICTORIA, Seychelles, Feb. 1, 2024 /PRNewswire/ — Bitget, the world’s leading cryptocurrency exchange and Web3 company, has released a comprehensive study focusing on the upcoming Bitcoin halving in April 2024 and its impact on investment decisions. This survey, conducted across a diverse global demographic, offers an outlook into crypto investors’ mindset and how they predict the market will change after the halving.

The study engaged a broad range of participants from West Europe, East Europe, South East Asia, East Asia, MENA, and Latin America regions, totaling 9,748 individuals. The methodology involved analyzing anonymized data, focusing on how investors perceive the Bitcoin halving and how their investment decisions are set to change based on it.

Bitget Study Highlights:

  • 84% of participants anticipate in the next bull run BTC will surpass the previous bull market’s all-time high of $69,000, and almost all other regions exceed 80%, except East Europe.
  • Globally, more than half of the respondents predict Bitcoin prices during the halving (around April 2024) to range between $30k and $60k, while 30% of them believe the price would break $60,000.
  • Approximately 70% of respondents express plans to increase crypto investments with higher proportions in MENA and East Europe indicating a stronger inclination to increase investments.
  • The data suggests a “short-term cautious, long-term optimistic” sentiment among Western European investors.

Nearly 84% of the surveyed investors believe that Bitcoin halving will have a positive impact on the crypto market, pushing Bitcoin beyond its all-time high of $69k. This sentiment is particularly strong in Latin America, East Asia, and South East Asia markets. In contrast, European regions show more conservative expectations.

Predictions for Bitcoin’s price during the halving around April 2024 present a diverse picture. While many investors globally anticipate a range between $30,000 and $60,000, around 30% of respondents expect the price to exceed $60,000, with heightened optimism in markets like Latin America.

Looking beyond the halving, investors strongly believe that Bitcoin will surpass its previous ATH in the next bull run, with even the most cautious regions showing substantial optimism for the cryptocurrency’s future. This outlook is underpinned by a mix of short-term caution and long-term confidence, especially evident in some European markets.

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Regarding all-time-high (ATH) price predictions for the next bull market, a majority (55%) foresee the Bitcoin price stabilizing between $50k and $100k, while a smaller yet significant segment is more bullish, expecting it to soar above $150,000. This optimism is particularly pronounced in West Europe, a region relatively conservative during the halving period, where over 51% of investors predict the next high to exceed $100,000.

The study also reveals interesting trends in investment intentions for 2024. Roughly 70% of participants across the surveyed regions express a clear intention to increase their crypto investments, indicating a robust confidence in the crypto market’s potential. This trend is especially strong in regions like MENA and East Europe, where a higher propensity to increase investment levels is observed. In contrast, South East Asia and East Asia present a more mixed investment outlook and lean towards maintaining current investment levels.

Bitget Managing Director Gracy Chen commented: “The Bitget Study on BTC halving impacts provides valuable insights into the evolving landscape of cryptocurrency investment. The findings reflect a broad spectrum of expectations and investment plans, indicating that 2024 will be a significant year for the Bitcoin market.”

“We are pleased to see such positive sentiment emerging as market conditions continue recovering. At Bitget, we firmly believe in Bitcoin’s potential to establish itself as a truly global store of value. As a leading exchange, we aim to play our part in contributing to the growth and development of the Bitcoin ecosystem through innovative product offerings, educational resources, and unwavering support of the community. The road ahead remains bright, and we look forward to empowering more investors and institutions alike to participate in Bitcoin’s ongoing success story,” Gracy added.

About Bitget
Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL.

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For more information, visit: Website  | Twitter  | Telegram  | LinkedIn  | Discord | Bitget Wallet

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Blockchain Press Releases

KuCoin Shines at The Gateway Event, Advocating for Blockchain Innovation Through TON

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DUBAI, UAE, Nov. 2, 2024 /PRNewswire/ — KuCoin, a global leader in the cryptocurrency exchange arena, is thrilled to announce its active participation at this year’s premier TON community event, The Gateway. The annual conference, renowned for uniting key players in the TON ecosystem, aligns perfectly with KuCoin’s mission to democratize cryptocurrency and expand its reach across the globe.

Representing KuCoin at the event was Alicia, who took part in the insightful panel discussion on “Perspective Sectors on TON for VCs and Exchanges.” Her presence underscored the vibrant potential of the venture capital market within emerging blockchain technologies, particularly the TON ecosystem. Alicia’s discussion highlighted how TON’s seamless integration with Telegram presents unique opportunities for innovation and user engagement, resonating with KuCoin’s strategic initiatives to bridge social connectivity with financial transactions.

“TON’s integration with Telegram not only simplifies the user experience but also amplifies it, making it a gateway for millions to engage with Web3 technologies,” Alicia stated. She emphasized KuCoin’s commitment to leveraging this synergy to enhance secure, user-friendly trading experiences, thus furthering its mission of putting crypto in every pocket.

KuCoin’s participation in The Gateway event reinforces its dedication to fostering a secure, robust, and accessible trading environment, paving the way for a new era of crypto and blockchain integration.

About KuCoin

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Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement. It offers over 800 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 36 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/

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Blockchain Press Releases

UBS Asset Management launches its first tokenised Money Market Fund, available through DigiFT

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SINGAPORE, Nov. 2, 2024 /PRNewswire/ — UBS Asset Management, launches its first tokenized investment fund “uMINT”, made available through authorized distribution partner, DigiFT.

With DigiFT, investors can subscribe to uMINT using their preferred custody wallet solution, gaining access to real-time redemption capabilities via DigiFT’s platform. uMINT, a Money Market investment underpinned by high quality money market instruments based on a conservative, risk-managed framework, is built on Ethereum distributed ledger technology and issued under UBS Tokenize, UBS’s in-house tokenization service, a full service offering for digital asset services, that seeks to open the door to the world of decentralized finance to a broader range of market participants.

“We’re honoured to be an authorized distribution partner for UBS Asset Management in launching their first tokenized money market fund. This is a significant milestone in the world of Web3, and a testament of our ability to transform capital markets. Not only does this partnership bridge traditional finance with digital and decentralized technologies, it also demonstrates our ability to deliver next-generation investment solutions on an open network – for a new generation of global investors,” said Henry Zhang, Founder & Chief Executive Officer of DigiFT.

As part of the partnership, DigiFT will provide infrastructure for managing and monitoring on-chain distribution activities and transactions for the new tokenized money market fund. Enabled by blockchain technology, DigiFT’s best-in-class, open infrastructure ensures all transactions are stored and recorded on an immutable ledger, providing real-time operational and audit visibility. Beyond streamlining administrative processes, DigiFT is able to leverage smart contracts and facilitate automated compliance and operational efficiencies, further allowing investors to invest and explore new financial Web3 use cases.

DigiFT is the first exchange deploying smart contract methods and processes, with an automatic market-making mechanism, to be recognized as a Recognised Market Operator (RMO) and awarded the Capital Markets Services (CMS) license by the Monetary Authority of Singapore.

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Disclaimer: This article is not an advertisement making an offer or calling attention to an offer or intended offer

About DigiFT

DigiFT is the first exchange for on-chain real-world assets to be licensed by the Monetary Authority of Singapore. Find out more www.digift.sg

For media enquiries, please contact [email protected]

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Blockchain Press Releases

Bybit Protects First-Time Copy Traders Against Potential Fiat Losses in Limited-Time Offer

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DUBAI, UAE, Nov. 1, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has introduced new fiat protection for trading novices to counter potential market risks. First-time depositors may enroll to protect their investment in Bybit’s Fiat Loss Coverage Frenzy campaign this season.

From now to Dec. 1, 2024, Bybit is offering up to 100 USDT in Fiat Loss Coverage Vouchers (“the Voucher”) for as little as 100 USDT in first-time trading. Users making a first-time deposit and lured by the power of Copy Trading may sign up for the exclusive event for a confidence boost as well as potential capital protection.

The generous offer is available for eligible users only and the number of Vouchers is limited. Users may follow three simple steps to seize an opportunity to minimize their risk of asset devaluation:

  1. Deposit: Users making a first-time deposit of at least 100 USDT in any currency via Bybit P2P, Fiat Deposit or One-Click Buy
  2. Claim the Voucher: Access the “Claim” button at the Bybit Copy Trading page for up to 100 USDT in Fiat loss coverage
  3. Explore Copy Trading: Choose the first Master Trader wisely and execute the first copy trade in the amount of at least 100 USDT in either Smart Copy Mode or Advanced Copy Mode. Should the trade result in a loss, holders of the Voucher will be reimbursed up to the Voucher value.

Fiat and crypto solutions on Bybit come with copious benefits and rewards, including innovative mechanisms to enhance Bybit’s protection of users’ interests. The exchange is also trusted for its deep liquidity and tried-and-tested reliability, 24/7 customer support, and diversity of products and solutions.

“Investing comes with risks, and for retail investors starting to diversify into crypto, we’ve got their back. This campaign is a gesture of support and an invitation into the world of digital assets for new users, and Bybit serves to take away some of the stress for a better trading experience,” said Joan Han, Sales and Marketing Director at Bybit. “I hope it offers extra protection for new traders as they embark on their journey,” she added.

Visit Bybit Fiat and explore Bybit Copy Trade for more information, terms and conditions apply.

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#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube 

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