Institutional Confidence in Bitcoin Exceeds 60%, with Predictions of Reaching $130,000

A recent survey by Coinbase reveals that over 60% of institutional investors believe Bitcoin will hit $130,000 within the next 3 to 6 months. This bullish sentiment reflects a growing belief in Bitcoin’s long-term potential as a digital asset. The optimism is fueled by several key factors, including expanding adoption of Bitcoin ETFs and rising interest from traditional financial institutions. These findings also indicate investors are looking to Bitcoin for hedge against inflation and stability amidst market uncertainties.