Majority of crypto fund managers surveyed see Bitcoin reaching $100K by year-end

What

A recent survey by PWC of crypto fund managers found the majority see the currency reaching $100,000 by the end of 2022

Why

Although the current situation is very bearish, the fund managers are generally positive about the future of the coin’s performance

What next

46% of crypto hedge funds surveyed revealed that they are involved in cryptocurrency staking, 44% are engaged in lending, and 49% are involved in borrowing

The story

In its 4th Annual Global Crypto Hedge Fund Report published last week, PWC revealed that the majority of surveyed crypto fund managers see the price of Bitcoin closing out the year somewhere between $75,000 and $100,000.

Although the current situation is very bearish in the cryptocurrency industry, the crypto fund managers are generally confident about the future, especially Bitcoin, with “The majority of predictions 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.”

PWC also explained that 38% of traditional hedge funds surveyed are currently investing in digital assets, compared to 21% a year ago, and that 46% of crypto hedge funds are involved in cryptocurrency staking, 44% are engaged in lending, and 49% are involved in borrowing.

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