At what level will Bitcoin stop falling

Executives of cryptocurrency companies expect a further drop in quotations. Although the results of the survey conducted by the consulting company BDC Consulting give hope.

On average, respondents expect the price of the first cryptocurrency to stop falling at $11,479. Only one respondent assumes its growth to $17,000 in the current situation. Three more did not exclude the fall of bitcoin value to $0.

At the same time, 91 percent of survey participants believe that FTX problems will not affect the pegging of Stablecoin to the dollar.

The survey found that more than half of top executives intend to increase their investments in cryptocurrencies and have no plans to reduce them.

66% of those surveyed are expected to expand their portfolios over the next month. One-third of respondents will not take any active action.

Respondents were also asked to name the area of the crypto market that is the safest and has the most growth potential in the current period.

The most popular answers included DeFi, Infrastructure Solutions, GameFi, Bitcoin, and DEX.

Analysts noted that the designated areas are among the largest by market capitalization of the projects represented in them, according to Coinmarketcap, Coingecko and Cryptorank.

BDC Consulting proposes to pay special attention to infrastructure projects. In addition to the fact that they have a high capitalization, their 30-day decline is the smallest among the other spheres cited.

“Even with the general panic, the current downturn opens up investment opportunities that respondents intend to take advantage of by expanding their positions in the crypto market,” BDC Consulting analysts noted.