The survey found that 84 percent of investors expect a new all-time high.

According to a market survey of nearly 10,000 cryptocurrency investors, the fourth Bitcoin halving is driving optimism for Bitcoin (BTC) to a new all-time high.

Data from a survey focused on investor sentiment and Bitcoin's next mining reward halving on cryptocurrency exchange Bitget shows investor confidence around the highly anticipated event.

Results shared with Cointelegraph outline the key findings and methodology of the study, which aimed to draw a representative sample of cryptocurrency investors from around the world. A broad demographic coverage was provided, with participants from countries in Western and Eastern Europe, South and Southeast Asia, the Middle East and North Africa, and Latin American regions.

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Between November and December 2023, 9,748 people participated in the study, with data anonymized for analysis.

84% of participants expect Bitcoin to surpass the all-time high of $69,000 during the 2021 bull market. Eastern European respondents were the least bullish on this outcome regionally, with 75% of respondents voting yes that BTC could surpass its previous record.

Investors from Western European countries were very optimistic about the next price peak for Bitcoin, with 41% of respondents expecting BTC to exceed the $100,000 mark. However, the report indicated that investors from the region were no less culpable for the impact of the Bitcoin halving on BTC prices.

It may indicate that these investors are ‘short-term cautious and long-term optimistic', as some Western European investors do not believe the Bitcoin halving will usher in a new bull market.

Meanwhile, respondents from Latin America, East Asia, and Southeast Asia were hopeful that Bitcoin's halving would result in a significant change in BTC's value. 84%, 82% and 81% of respondents said the mining reward would be halved.

In an interview with Cointelegraph on January 30, Bitcoin proponent Paul Sztork offered a contrasting view of the impact of Bitcoin's halving, suggesting that the event will be a litmus test for the mining industry, especially as hashrates and mining challenges shrink rewards. Continue to reach new heights.

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Sztorc suggests that the initial impact on prices may not be as pronounced as some analysts predict. In an interview in December 2023, fellow Bitcoin fan and cryptographer Adam Back told Cointelegraph that Bitcoin's next peak could come 18 months after the next halving.

A number of prominent mining companies take a closer look at the impact of the halving on their operations and how they will need to be more efficient to remain profitable in Cointelegraph's 2024 New Year's special.

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