According to a recent market survey, 60 percent of investors think the value of the digital currency will fall to just $10,000.
The token's highs were over $60,000 in late 2021. As of right now, Bitcoin is hovering around the $20,000 mark following a series of tumbles, meaning that some investors believe it will soon be chopped in half again.
Bad news has been constant. June turned out to be the worst month in the history of the mainstreamcryptocurrencies.
Despite the historic crash, the investors surveyed weren't unanimous in their predictions of the future value of the digital currency. 40 percent of them think that the price of the digital currency will reach $30,000.
There's a lot of uncertainty in the market, with investors almost evenly divided on where the market will go next.
As the impact of the crash widens, governments could be looking for increased regulation, which could cause more harm to consumers.
Only nine percent of investors think the non-fungible token is a worthwhile investment opportunity.
The fact that NFT sales are hitting historic lows may be a good idea.
The survey found that it is more likely to hit $10,000.
It was the worst month in the entire history of the coin.
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