How high Bitcoin prices could reach before the average Bitcoin investor sells it? Very high, $196,165 per coin - roughly 30x the digital currency’s current value.
That’s according to a just published LendEDU Bitcoin investor survey. “Believe it or not, that number and statement is true according to our polling data,” says Michael Brown Research Analyst with LendEDU.
The survey included 564 Americans that invested in Bitcoin. That's a tiny sample, and therefore, the survey findings should be interpreted with extreme caution.
Coin 7d change*
Bitcoin (BTC) -2.42%
Bitcoin Cash 98.90
Ethereum (ETH) 8.03
*As of November 15, 2017, at 2.30 p.m.
What will it take to reach that price? A world where Bitcoin, the “people’s currency,” will gradually replace national currencies in everyday transactions, with the help of the tech savvy younger consumers. “These investors could envision Bitcoin reaching that price with the help of time and younger consumers developing more of an affinity with virtual currencies, specifically Bitcoin,” adds Brown.
