{"id":70174,"date":"2022-11-16T16:35:09","date_gmt":"2022-11-16T14:35:09","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=70174"},"modified":"2025-09-08T00:32:56","modified_gmt":"2025-09-07T21:32:56","slug":"top-bitcoin-company-executives-forecast-market-after-ftx-collapse","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/top-bitcoin-company-executives-forecast-market-after-ftx-collapse\/","title":{"rendered":"Top Bitcoin Company Executives Forecast Market After FTX Collapse"},"content":{"rendered":"<p>Against the backdrop of the FTX exchange&#8217;s bankruptcy, a hole in its balance sheet amounting to <a href=\"https:\/\/u1f987.com\/en\/news\/bloomberg-and-wsj-report-an-8-billion-hole-in-ftx-balance-sheet\">around $8 billion<\/a>, cryptocurrency company executives expect further declines in Bitcoin\u2019s price, potentially down to zero. This is evidenced by the results of the <a href=\"https:\/\/bdc.consulting\/ru\/insights\/MarketResearch\/survey-results-of-the-crypto-market-s-top-managers-amid-the-ftx-collapse\">survey<\/a>, conducted by the consultancy BDC Consulting among 53 top managers of projects from various sectors.<\/p>\n<p>On average, respondents expect the price of the first cryptocurrency to halt its decline at around $11,479. Only one respondent expects it to rise to $17,000 in the current environment. Three others did not rule out Bitcoin&#8217;s price dropping to $0.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/mzlZ9M6p7Q7_4seeK2kMHcpuk--J05q2rw12mPBYkdaTqSdABEpvvq-CxXG99gee40NcKMJWMwTHsFhkSSrh2tz9wBhUtpx3rd0NEbTDsAjjB3YzxOUAdHjF9VIb36Linc2-YN-xuS-piDEzc2wWldzN1_eGZC3uPWIWbo-jIgvOjeDrmw0mGykvJzZVvg\" alt=\"Top Bitcoin Company Executives Forecast Market After FTX Collapse\"\/><figcaption>The percentage decline in price is calculated based on the rate as of November 14, 2022. Data: BDC Consulting.<\/figcaption><\/figure>\n<p>Moreover, 91% of respondents believe FTX&#8217;s problems will not affect the peg of stablecoins to the dollar.<\/p>\n<p>The study showed that more than half of the top managers plan to increase their investments in cryptocurrencies and do not intend to reduce them.<\/p>\n<p>Sixty-six percent are likely to expand their portfolios over the next month. A third of respondents will not take any active steps. <\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/9plzJEKwpJrvvNqBCt8Dn6fH5srFRBfc3AAp4eepm2NKIH_iHBKnawDJRs7SlQyPVDrXLqpaZVPMzjwzEqfB8QRfEE64wu18AkVzc3u4HPEU3ejHCbtHt5KVGo8ihJYjerZPpu1VfrUgUsxG8hyc0X59msBbyKEgSmUC9wtnVudviwgf-owa7B0Gu5XtQQ\" alt=\"Top Bitcoin Company Executives Forecast Market After FTX Collapse\"\/><figcaption>Data: BDC Consulting.<\/figcaption><\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cEven amid broad panic, the current downturn opens investment opportunities that respondents intend to seize by expanding their positions in the crypto market,\u201d noted the analysts at BDC Consulting.<\/p>\n<\/blockquote>\n<p>According to venture investor and billionaire Tim Draper, the price of Bitcoin will reach <a href=\"https:\/\/u1f987.com\/en\/news\/tim-draper-sticks-to-250000-bitcoin-price-forecast\">$250 000 by the beginning of 2023<\/a>, despite the FTX-induced crisis.<\/p>\n<p>Follow ForkLog&#8217;s Bitcoin news on our <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Against the backdrop of FTX&#8217;s bankruptcy, cryptocurrency executives expect further declines in Bitcoin&#8217;s price, potentially down to zero.<\/p>\n","protected":false},"author":1,"featured_media":70175,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1146,1145,167],"class_list":["post-70174","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-market-forecasts","tag-market-analysis","tag-research"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/70174","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=70174"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/70174\/revisions"}],"predecessor-version":[{"id":70176,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/70174\/revisions\/70176"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/70175"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=70174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=70174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=70174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}