According to a survey by MLIV Pulse, Wall Street expects that the crypto decline will continue. 60% of 950 investors see the Bitcoin price to fall to $10,000 and not to grow. 40% of them expect BTC to increase to $30,000.
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The survey shows that opinions over cryptos are extremely different. 28% of participants were sure that crypto is the financial future, while 20% said they have no value.
Investors mainly agreed about non-fungible tokens (NFTs). The majority of them find that the tokens are art works or status symbols, and only 9% see the assets as a possibility for investments.
The total crypto market currently stands at around $915 billion, around $2 trillion down from last year. Bitcoin trades at around $20,500. NFT sales also dropped. In June, total NFT sales were $1 billion compared to $12.6 billion in January.