44% of institutional asset managers think Bitcoin will drop below $30,000 by the end of 2021 By BTC Peers – Investing.com

44% of institutional asset managers think Bitcoin will drop below $30,000 by the end of 2021 By BTC Peers – Investing.com

A recent poll conducted by CNBC revealed that institutional asset managers are not confident in the short-term future of , with 44 percent of the respondents predicting that Bitcoin could close the year at less than $30,000.

CNBC’s Quarterly Survey confirms the growing bearish sentiment from institutional portfolio managers and equity strategists. According to show host Andrew Ross Sorkin, a significant percentage of fund managers believe that the flagship cryptocurrency might trade sideways for the remainder of the year, and will possibly sink lower before the year runs out.