Bitget’s Global Survey Reveals Optimistic Outlook for Bitcoin Prices

Anticipating Bitcoin Price Range During the Halving Period

A recent international survey conducted by Bitget has shed light on the crypto market's hopeful perspective. The survey gathered insights from nearly 10,000 individuals across various regions, including West Europe, East Europe, Southeast Asia, East Asia, MENA, and Latin America. The results reveal that more than half of the participants globally anticipate bitcoin prices to hover between $30,000 and $60,000 during the halving period, which is expected to occur around April 2024. Additionally, 30% of the respondents foresee the price exceeding the $60,000 mark.

Strong Belief in Bitcoin's Growth

Bitget's survey also uncovered a robust conviction among investors regarding bitcoin's capacity to surpass its previous peak by 2024. A staggering 84% of the participants foresee substantial growth preceding the forthcoming halving event. This comprehensive survey provided valuable insights into the worldwide investor sentiment surrounding crypto assets.

Global Enthusiasm for Bitcoin as an Investment Option

The study, which engaged nearly 10,000 people from diverse regions, reflects the extensive enthusiasm and hope placed in digital currencies as a legitimate investment option. It showcases a global consensus on the likelihood of significant market expansion. The survey's findings highlight the evolving landscape of cryptocurrency investment and indicate that 2024 will be a significant year for the bitcoin market, according to Gracy Chen, Bitget's managing director.

Bitcoin's Journey Towards New Price Highs

The survey results underscore a dominant belief among investors in bitcoin's journey towards new price highs. The majority of participants view the fourth reward halving event as a pivotal juncture that could propel the premier cryptocurrency to unprecedented levels. This optimism is supported by historical patterns, as previous halvings have triggered notable market surges.

Investment Trends and Future Plans

Aside from optimistic forecasts for bitcoin's pricing, the survey also revealed investment trends. Approximately 70% of the respondents expressed their intention to bolster their crypto asset holdings in the coming year. This intention is particularly pronounced among individuals from MENA and East Europe, indicating a greater eagerness to increase investments in digital currencies. Notably, investors from Western Europe exhibited a "short-term cautious, long-term optimistic" outlook.

What are your thoughts on Bitget's global survey? Share your opinions in the comments section below.

Frequently Asked Questions

What precious metals can be allowed in an IRA?

Gold is the most popular precious metal for IRA accounts. Investments in gold bullion coins or bars can be made as well.

Precious metals, which don't lose any value over time, are considered safe investments. They're also considered a great way to diversify an investment portfolio.

Precious metals include silver, platinum, and palladium. These three metals are similar in their properties. Each one has its own uses.

For instance, platinum can be used in jewelry manufacturing. You can create catalysts with palladium. The production of coins is done with silver.

Think about how much you can afford to purchase your gold, before you make a decision on the precious metal. You might be better off buying gold that costs less per ounce.

Also, think about whether or not you wish to keep your investment secret. If you do, you should choose palladium.

Palladium is more valuable than gold. It is also more rare. You'll probably have to pay more.

Storage fees are another important consideration when choosing between silver and gold. You store gold by weight. So you'll pay a higher fee for storing larger amounts of gold.

Silver is measured in volume. You'll pay less if you store smaller quantities of silver.

Follow all IRS rules regarding silver and gold if you are storing precious metals within an IRA. This includes keeping track, and reporting to the IRS, all transactions.

Can you make money on a gold IRA?

To make money from an investment you must first understand how it works and secondly what products are available.

If you don’t know anything, it is best to wait until you have enough information so that you can trade effectively.

A broker should offer the best service for each account type.

There are many accounts available, including Roth IRAs and standard IRAs.

If you have other investments such as bonds or stocks, you might also consider a rollover.

Are gold IRAs a good place to invest?

The best way to invest in gold is by buying shares in companies that mine for it. These companies are a great way to make money investing in precious metals like gold.

The downside to owning shares is that you can't directly control them.

The first is that you could lose money if your stock is held on for too long. Stocks can fall more than their underlying asset (like, gold) when they decline. This means that you might end up losing more money than you make.

Second, you may miss out on potential profits if you wait until the market recovers before selling. Therefore, you might need patience and wait for the market recovery before making any profit from your gold investments.

You can still enjoy the benefits of physical gold if your investments are separate from your finances. An IRA in gold can diversify your portfolio and protect you against inflation.

You can learn more about gold investing by visiting our website.

Can I store my gold IRA in my home?

An online brokerage account can be a great way to save your money. You can access all of the same investment options that you would have if you worked with a traditional broker but don't need to be licensed or qualified. You won't pay fees to invest.

Many online brokers also offer tools that can help you manage your portfolio. They will even let you download charts to see how your investments perform.

How much of your portfolio should be in precious metals?

Physical gold is the best investment to protect yourself against inflation. Because you are buying into the future value of precious metals and not the current price, when you invest in them, it is a way to protect yourself from inflation. So as prices rise, so does the value of your investment.

If you hold on to your investments for at least five years, you will receive tax benefits on any gains. Capital gains taxes will apply if you sell the investments within this time period. You can learn more about gold coins by visiting our website.


  • Same tax rules as traditional IRA SEP IRA contributions in 2022 are limited to 25% of compensation or $66,000, whichever is less Before setting up a Silver IRA, understand the fees and IRS restrictions. (
  • Silver must be 99.9% pure • (
  • If you accidentally make an improper transaction, the IRS will disallow it and count it as a withdrawal so that you would owe income tax on the item's value and, if you are younger than 59 ½, an additional 10% early withdrawal penalty. (
  • The IRS also allows American Eagle coins, even though they do not meet gold's 99.5% purity standard. (

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How To

How to Open a Precious Metal IRA

Precious metals are one of the most sought-after investment vehicles today. Because they offer higher returns than traditional investments such as stocks and bonds, they are very popular. It is worth your time to research and plan before you invest in precious metals. These are the first things you need to know if you're looking to open a precious metal IRA.

There are two main types to precious metal accounts. The physical precious metallic accounts and the paper gold-silver certificates (GSCs). Each type has advantages and drawbacks. GSCs, on the other hand, are more accessible and can be traded. Read on to find out more.

Physical precious metals accounts can be used to hold bullion, coins and bars. This option is great for diversification, but it has its drawbacks. It is expensive to buy, store, and sell precious metals. Their large size makes it difficult to transport them between locations.

The silver and paper gold certificates are also relatively affordable. These certificates can also be traded online, and they are easy to access. These make them ideal for people who don’t want to invest directly in precious metals. They aren't as diverse as physical counterparts. Because they are supported by government agencies such the U.S. Mint the value of these assets may decrease if inflation rates increase.

Choose the best account for you financial situation when opening a precious metal IRA. Before doing so, consider the following factors:

  1. Your risk tolerance level
  2. Your preferred asset-allocation strategy
  3. What time do you have available to invest?
  4. Consider whether you will use the funds to trade short-term.
  5. What kind of tax treatment you'd prefer
  6. Which precious metals would you prefer to invest in
  7. How liquid do you need your portfolio to be
  8. Your retirement age
  9. Where you'll store your precious metals
  10. Your income level
  11. Your current savings rates
  12. Your future goals
  13. Your net worth
  14. Any special circumstances that may affect your decision
  15. Your overall financial situation
  16. Your preference between physical and paper assets
  17. You are willing to take chances
  18. Your ability to manage losses
  19. Your budget constraints
  20. Your desire to be financially independent
  21. Your investment experience
  22. Your familiarity and knowledge of precious metals
  23. Your knowledge of precious metals
  24. Your confidence with the economy
  25. Your personal preferences

Once you've determined which type of precious metal IRA best suits your needs, you can proceed to open an account with a reputable dealer. These companies can be found through word of mouth, referrals and online research.

After opening your precious metal IRA you will need to decide how big you want it to be. It's important to note that each precious metal IRA account carries different minimum initial deposit amounts. Some accounts will only accept $100, others will allow for you to invest as high as $50,000.

You can invest as much or as little money in your precious metal IRA as you like. A larger initial deposit is better if you are looking to build wealth over a longer period of time. On the other hand, if you're planning on investing smaller sums of money every month, a lower initial deposit might work better for you.

You can buy any type of investment, regardless of the amount of precious metals in your IRA. The most popular are:

  • Bullion bars, rounds and coins in gold – Gold
  • Silver – Rounds & coins
  • Platinum – Coins
  • Palladium – Round and bar forms
  • Mercury – Round and Bar Forms


By: Jamie Redman
Title: Bitget's Global Survey Reveals Optimistic Outlook for Bitcoin Prices
Sourced From:
Published Date: Thu, 01 Feb 2024 22:30:27 +0000

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