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Over 20% of participants in a recent poll conducted by answered that they believe Bitcoin will be within a six-digit price territory over the course of a year. While the vast majority of the digital asset exchange’s clients are bullish on cryptocurrencies, opinions were divided on whether Bitcoin's valuation matches its real value. posted the key takeaways from its survey that took cryptocurrency-related questions to 1,572 respondents from the end of February to the end of March.

According to the survey, 54% of customers predicted the price of No.1 cryptocurrency will grow over the next 12 months to be worth between $50,000 and $100,000.

Other highlights show that more than 35% said they consider BTC to be overvalued, while 17.3% of users predicted the price of Bitcoin in the range of $25,000 to $50,000 by 2022. The mixed results only attest to the difference several months can make on the general sentiment in the crypto community.

Almost half of the platform’s customers consider that the current price of BTC matches its real value. Another 20% believe that Bitcoin's valuation is undervalued.

Half the Folks Diversify Their Assets

Meanwhile, 8.6% of those surveyed mostly see limited upside in Bitcoin this year and expect a decline towards zero-$25,000 over the next 12 months. Further, 22.1% of respondents were confident that the digital gold will experience a bear market for 2021.

The survey also revealed that the majority of users prefer to diversify their portfolio by adding altcoins. Exactly one third of clients allocated their crypto investment solely to Bitcoin, while 13.5% invest exclusively in Ether, the world's second-largest virtual currency by market value.

The figures for altcoins and DeFi have also increased during serious drawdowns in Bitcoin price, with another 10.3% kept their crypto exposure limited to these non-major assets.

Vitaly Kedyk, head of strategy at, said:

"Over the course of 2020, we have seen interest in crypto gain mainstream attention and validation following take-up by large institutional investors. We expect this trend to continue in 2021 with greater diversification across alt coins. At, we will continue to offer our clients access to a broad range of crypto assets through our platform, and bridge the the emerging world of cryptocurrencies with the world of traditional financial assets through the use of intelligent education tools, transparent pricing and cutting edge technology and platforms."

Bitcoin has been trading higher over the past week, having recovered from losses and subsequent sideways moves triggered by the failure to sustain a record peak reached earlier in March at $61,700.

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