Survey: Bitcoin Owners Buy the Dip

As Bitcoin has struggled over the past few months, its fall has shocked investors across the world. However, investors seem to be ready to “buy the dip” as they expect a rebound after these losses. In a recent survey from Morning Consult, 4400 adults in the U.S. showed that Bitcoin owners, on average, expect the token should surge past $55,000. This means that investors can see the token rebounding because its recent drop is merely a dip and not a trend. The survey also shows that one-fifth of U.S. adults were considering buying Bitcoin now that it has fallen as low as it has. Previously, only 13% of adults were prepared to buy Bitcoin back in July of 2021. The survey also shows that Bitcoin is mainstreaming more every day, increasing its acceptance across the business world and in the portfolios of investors. Currently, Bitcoin is stabilizing as the Federal Reserve put off rate hikes until at least March. At press time, Bitcoin was trading at more than $38,000, down more than a percent on a falling market cap and reduced volume.