Mizuho discovered that almost all investors agree on whether a bubble is occurring.

51% of surveyed investors believe that the world’s largest cryptocurrency is a bubble, while the remaining 49% believe it is not.

However, 35% who consider Bitcoin a bubble claimed that they have bought it anyway. They also estimate the price of Bitcoin will rise to $55,000 before 2022. On the contrary, people who believe Bitcoin is not a boom do not anticipate a substantial upside. The average expectation is that Bitcoin will increase between 15% and 25% during this time.

Mizuho interviewed 400 investors to find that 66% of Bitcoin owners view Bitcoin as an investment. Only 28% consider it a currency. About 30% of the respondents stated that they purchased Bitcoin to help others or aren’t sure why.

“How prevalent is Bitcoin maximalism? It turns out maximalism is limited, as just 21% of respondents reported only caring about Bitcoin vs. the remaining ~80% that are interested in other cryptocurrencies as well,” analyst Dan Dolev wrote in a client note.

It was also revealed that while 21% said they were only interested Bitcoin, 35% said they also like it. 8% also said they liked the coin, while 37% indicated they are interested other altcoins.

What’s even more interesting is that just 12% of respondents who believe Bitcoin is a bubble said they are only interested in Bitcoin, compared to the overall average of 21%.

By Senad Karaahmetovic