THELOGICALINDIAN - Major banking casework close PWC has conducted a abstraction and begin that the majority of crypto armamentarium managers surveyed accept that the amount of bitcoin would be amid 75K and 100K by the end of this year
Bitcoin’s Price Estimate by Crypto Fund Managers
PWC, a Big Four accounting firm, appear its “4th Annual Global Crypto Hedge Fund Report” aftermost week. It was produced calm with the Alternative Investment Management Association (AIMA) and Elwood Asset Management (now allotment of Coinshares).
The abstracts in the address comes from a analysis conducted in April beyond a sample of 77 specialist crypto barrier armamentarium managers, PWC explained, abacus that their absolute assets beneath administration (AUM) were $4.1 billion in 2024.
The address includes bitcoin amount predictions. “We gave crypto armamentarium managers the befalling to accord their estimates on area the amount of BTC and the all-embracing cryptocurrency bazaar assets would be on 31 December 2022,” the Big Four accounting close detailed.
The after-effects showed that “while the all-embracing crypto bazaar was absolutely bearish, managers remained acutely bullish on BTC,” the address describes. Noting that “the average anticipation of BTC amount actuality $75,000,” PWC detailed:
John Garvey, PWC United States’ all-around banking casework leader, commented:
“With that is advancing not alone abounding added crypto-focused barrier funds and college AUM but additionally added acceptable funds entering the crypto space,” he concluded.
PWC additionally explained that 38% of acceptable barrier funds surveyed are currently advance in agenda assets, compared to 21% a year ago. The close added:
Furthermore, 46% of crypto barrier funds surveyed appear that they are complex in cryptocurrency staking, 44% are affianced in lending, and 49% are complex in borrowing.
What do you anticipate about the crypto armamentarium managers’ bitcoin amount prediction? Let us apperceive in the comments area below.
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