Crypto Investors Hold Onto Their Investments Despite Price Declines

Bitcoin Price in Freefall

Bitcoin had reached an all-time high of over 115,000 dollars last year. By early February, the virtual currency had lost nearly half of its value in dollar terms, and thanks to exchange rate effects, more than half in the eurozone. Since then, with some ups and downs, the trend has not been upward: on Friday afternoon, the price fell below 61,000 dollars.

Investors Bet on Long-Term Recovery

Despite this development, many investors look to the future with great expectations. The 500 German respondents hope on average for a Bitcoin price of around 538,000 dollars by the end of 2030. This makes domestic investors comparatively cautious: on average across the five countries, respondents hope for a price of around 854,000 dollars.

Philipp Wackerbeck, one of the authors of the study and global head of the financial services division at Strategy&, interprets the behavior as a sign of growing maturity among investors. "Krypto-Anleger und -anlegerinnen bleiben 'True Believers'", said Wackerbeck. "Sie halten trotz Crash und Kursschwankungen an den eigenen Beständen fest, denken langfristig und entwickeln ein Anlageverhalten, das sich immer mehr dem Umgang mit traditionellen Anlageklassen wie Aktien oder Fonds annähert."

Study Primarily Reflects Private Individuals

The results indicate that a significant portion of crypto investors maintain longer-term return expectations despite interim losses. However, this confidence is put into perspective by the enormous gap between the current market price and the price targets expressed: the value expected by German investors of 538,000 dollars is almost ten times the price level at the beginning of June 2026.

The composition of the sample is also striking. With the high proportion of retail investors who have invested a maximum of 10,000 dollars, the survey primarily reflects the perspective of private investors. Institutional addresses with significantly higher volumes are underrepresented in the survey, which should be taken into account when interpreting the results.

Overall, the study paints a picture of a market in which many private investors understand Bitcoin as a long-term addition – comparable to traditional securities. Whether this assessment holds will largely depend on whether the cryptocurrency actually reaches the high price expectations by 2030.