BTC and ETH Consensus Price Forecasts - Community Study

Over the past few days, we have been crowdsourcing price estimates from cryptoasset hedge fund managers, independent investors, and enthusiasts. The following price estimates are the summation of that work and include estimates from 94 market participants (all active investors.) We plan to regularly conduct this price forecast, and you can sign up to participate in future surveys and/or receive future reports here: https://goo.gl/forms/EwEPavab1uu3Hyp33

Key Findings

• 94 voluntary respondents were recruited from various Reddit and Medium communities.

• Consensus was bullish for both BTC and ETH in the near and long term, with median price targets increasing over each consecutive period.

• Median 12-month price target for BTC = $35,000 (a 2.3x increase from price at publication)

• Median 12-month price target for ETH = $2,850 (a 4.2x increase from price at publication)

• Notably, this priced consensus survey was more bullish than the recently collected general population estimates.

Price Charts
The following charts show one year of historical prices and the 1, 3, and 12 months price estimates. Forecast pricing bands represent minimum, 1st quartile, median, 3rd quartile, and maximum respondent values.

We will publish additional findings from the study over the next few days, including free response answers from the study and alternative cryptoassets that are currently popular within the respondent set.

You can sign up to follow along here: https://goo.gl/forms/EwEPavab1uu3Hyp33

Survey respondents receive advance access to the report as well as access to the raw data set.