A brand new survey is revealing the value targets of executives within the crypto area for Bitcoin (BTC) following the high-profile implosion of FTX.
In new analysis, Web3 consulting agency BDC interviewed 53 C-level executives concerned in varied crypto tasks together with funds, decentralized finance (DeFi) and GameFi.
In response to the survey, crypto executives consider that Bitcoin is probably going headed into deeper bear territory. On common, the respondents assume that BTC will cease its decline at $11,479, which is 27.89% decrease than Bitcoin’s present value of $15,918.
stablecoins, the survey reveals that 91% of ballot respondents consider that crypto belongings corresponding to Tether (USDT), USD Coin (USDC) and Binance USD (BUSD) won’t lose their peg to the US greenback regardless of bearish market circumstances.
As for the non-public funding ways of C-level managers who participated within the ballot, the survey revealed nobody plans to trim their crypto holdings amid the bear winter.
In response to the research, 66% of the respondents have plans so as to add to their crypto portfolio over the subsequent month, whereas the remaining members say they won’t take any motion. The survey highlights that not a single ballot participant selected the choice “No, I plan to scale back my present crypto portfolio” among the many doable responses.
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