The
Bitcoin exchange rate (BTCUSD) continues to hold at support at around $30,000,
despite considerable downward pressure from sellers in panic.

The
primary driver of negative sentiment and pressure on the top cryptocurrency by
market cap is due to the hawkish monetary positioning the Federal Reserve is
preparing, as well as the conflict in Ukraine.

The crypto market was further sent into panic following the collapse of the stablecoin UST and related altcoin LUNA. Prices of LUNA fell to zero, and this further crushed any chance of bullish sentiment in the crypto market among the crowd.

Even with all the negativity, experts from the business world, trading, finance, and more, have all come to the defense of Bitcoin, reiterating its undeniable promise and their commitment to seeing the cryptocurrency through to the end.

This hope keeps overall positive market sentiment alive just enough with influential figures who command the attention and respect of large followings, companies, and capital. As such, PrimeXBT analysts have compared the expectations of some of the most prominent investors and public-facing personalities regarding the future prospects of Bitcoin price appreciation.

Big Names In Business And Expert Traders Bullish On BTC

MicroStrategy CEO Michael Saylor is typically an outspoken Bitcoin bull who almost always has something to say. Interestingly, during this survey, Saylor was brief, stating, “I buy BTC when there are free dollars.”

Twitter founder Jack Dorsey, who is a long-time Bitcoin advocate, doesn’t “pay attention to the BTC price,” adding that he is “bullish in the long term as more and more people will use BTC in the future.”

Legendary career commodities trader Peter Brandt expects the $27,000 level to become the local bottom for BTC. “I have noticed…