Bitcoin is heading to $10,000, On Events survey says

Bitcoin is heading to $10,000, On Events survey says
Bitcoin is heading to $10,000, Eyes On Events survey says

And 16 percent of respondents went with the final option of bitcoin heading to between $6,000 and $8,000.

The cryptocurrency has risen over 470 percent this year. Earlier this month, bitcoin hit an all-time high of $5,856.10, according to data from industry website CoinDesk. So it's not far off the $6,000 mark.

Rising institutional investor interest, favorable regulation in some markets like Japan, and an upcoming split in bitcoin known as a "fork," have helped to boost the price.

But the cryptocurrency has also had a lot of criticism. UBS said in a recent note that bitcoin is a "speculative bubble" and unlikely to be come a real currency, while Goldman Sachs said the cryptocurrency is not the new gold.

CNBC

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