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Crypto Hedge Funds Are Bullish on Bitcoin

It’s been just revealed that most of the crypto hedge funds are really bullish on Bitcoin these days, despite the market’s weak moves. Check out the latest reports below.

New bullish Bitcoin news

According to the latest reports, a brand new study from one of the biggest accounting firms in the world revealed that the majority of crypto hedge fund managers anticipate a rebound for Bitcoin this year despite BTC’s shaky performance as of late.

PricewaterhouseCoopers (PwC) shared essential data from a survey conducted by digital assets manager CoinShares in Q1 2022. It was focused on crypto hedge funds and crypto index funds and crypto venture capital funds.

According to the latest reports, hedge fund managers remained extremely bullish on Bitcoin, despite the massive market volatility.

“All respondents predicted that BTC would end the year above the prevailing price upon survey closure, $40,000, with the median prediction of BTC price being $75,000.”

The notes also revealed the following:

“The majority of predictions were within the $75,000 to $100,000 range (42%), with another 35% predicting the BTC price to be between $50,000 and $75,000 by the end of 2022.”

It seems that the people who responded the survey were also optimistic that by the end of the year, crypto’s total market capitalization will exceed the $1.5 trillion level.

“Fund managers were also bullish towards the crypto market capitalisation changes in the upcoming year, with over 97% of fund managers expecting the market to finish the year significantly above current levels and with the median predicted level at $3 trillion. Most forecasts ranged between $2 trillion and $3 trillion.”

We suggest that you check out the complete notes in the original article. 

CNBC’s Jim Cramer is explaining the reasons for which he supports Bitcoin and Ethereum. Check out the latest reports below.

Bitcoin and Ethereum FTW

CNBC host Jim Cramer just explained that he’s a big believer in leading digital assets Bitcoin (BTC) and Ethereum (ETH). On the other hand, it’s also important to note the fact that he also warns that investors shouldn’t take risks to purchase them.

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