Majority of crypto hedge funds extremely bullish on Bitcoin despite weak price action
According to data from a survey conducted by digital assets manager CoinShares in Q1 2022, focusing on crypto hedge funds and excluding crypto index funds and crypto venture capital funds.
All respondents predicted that BTC would end the year above the prevailing price upon survey closure, $40,000, with the median prediction of BTC price being $75,000. 42% of predictions were within the $75,000 to $100,000 range, with another 35% predicting the BTC price to be between $50,000 and $75,000 by the end of 2022.