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Bitcoin Could Rise As High As $35000: Survey

A survey conducted by a start-up Cryptocurrency mining firm about Bitcoin found that majority of the respondents have an optimistic future for the leading cryptocurrency.

Miner One conducted a survey of more than 1,500 community members, and reported that 31 percent believe bitcoin will go higher than $15,000 this year.

Twenty six percent of those who were surveyed believe bitcoin will cross $25,000, while 10 percent?said?the Bitcoin value will go above $35,000. Almost 9 percent think it will go beyond $45,000. According to 15 percent,?the digital coin will go?no higher than $15,000, and 5 percent think it will not rise above $10,000. Only 2.5 percent think Bitcoin won't exceed $5,000.

With a mini bitcoin rally in progress, Miner One CEO Pranas Slusnys also is optimistic about the prospects for mining bitcoin.

"We are bullish on bitcoin because it remains the world's most popular and proven application of blockchain technology. And we see growing interest and adoption, despite recent market doldrums," says the data center industry veteran.

Wall Street analyst Thomas Lee is similarly bullish. He recently told CNBC he believes bitcoin will rebound and surpass $20,000 by mid-year.

David Drake, chairman and founder of investment firm LDJ Captial, said last month that he sees Bitcoin reaching $30,000.

by Joji Xavier

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