Reputable Chinese crypto miners expect a massive inflow of Bitcoin buyer after the scheduled Bitcoin halving event.
According to a survey conducted by RockX on May 4, the majority of Chinese miners are expecting an influx of new buyers into the market. The crypto trading and mining platform revealed that 57% of miners believe fresh traders will join the crypto market in future.
The platform claims that 42 respected Bitcoin miners took part in the survey. Some of the respondents are top officials of leading mining firms such as TokenInsight, F2Pool, OXBT, APAC and many more.
A massive 71% of the respondents hope that Bitcoin will regain the trust of the market. Also, 45% of the miners believe that the price of bitcoin will spike up to $12,000 while 24% think that it will be around $10,000 and others believe that Bitcoin will surpass $15,000.
Majority of the traders (more than 57%) think that Bitcoin mining hash rate won't change much after halving. They foresee it to be within 110 to 130 exahashes/day.
The survey also reveals that the respondents believe the United States economy will influence the Bitcoin. 64% of them think that some of the measures taken by the federal reserve will affect Bitcoin positively a little while 12% believe it will have an immensely positive effect on BTC.
Source: Cointelegraph
