Crypto Expert Survey

Crypto Expert Survey

A harmonized quarterly expert survey measuring expectations and sentiment in the crypto sector across European countries and regions.

An empirical basis for expectation formation in the European crypto sector

The Crypto Expert Survey is a Europe-wide research project that establishes a high-quality empirical basis for academic research on expectation formation in the crypto sector. Under the academic leadership of Prof. Dr. David Florysiak (IU International University of Applied Sciences), it introduces a regular survey of crypto experts in different European countries.

The survey builds on established economic survey methods and adapts them to the specific features of the crypto industry and national settings. Local partner institutions recruit the panels and administer the survey, while IU centrally aggregates and harmonizes the data.

Derived indicators

Crypto business climateCrypto optimismCrypto market expectations

The indicators are made publicly available as aggregated European and country-specific measures.

Dashboard

Filters
Participants46
SurveyDACH Q4-2026 · 05/10/2026 to 12/10/2026
Region
Period

Crypto market expectations (market)

The crypto market comprises all crypto assets. Bitcoin (BTC), as the most prominent crypto asset, serves as a representative indicator of the performance of the overall crypto market.

BTC price expectations

USD
BTC 1M price expectation index
$86,000
Horizon11/12/2026
Statusstill open
Current 10/24/2026$80,811Δ +$5,189 (+6.0%)
USD
BTC 6M price expectation index
$96,144
Horizon04/12/2027
Statusstill open
Current 10/24/2026$80,811Δ +$15,333 (+15.9%)
BTC price and 1M expectation
CES 1M $86,000Submission from 10/05/2026Forecast date 10/12/20261M horizon 11/12/2026Time horizon openDACH Q4-2026
BTC price and 6M expectation
CES 6M $96,144Submission from 10/05/2026Forecast date 10/12/20266M horizon 04/12/2027Time horizon openDACH Q4-2026
BTC 1M price expectation index (USD)
DACH Q4-2026
BTC
BTC 6M price expectation index (USD)
DACH Q4-2026
BTC

BTC volatility expectations

Points
BTC 1M volatility index
13.2
Horizon11/12/2026
Statusstill open
Points
BTC 6M volatility index
24.1
Horizon04/12/2027
Statusstill open
BTC 1M volatility index (points)
DACH Q4-2026
BTC 6M volatility index (points)
DACH Q4-2026

Price data by CoinGecko

Crypto business climate (companies)

Crypto companies comprise all organisations or business units whose activities relate to the crypto market.

Points
Crypto business climate index (current situation)
-6.5
Points
Crypto business climate index (6-month expectation)
65.2
Horizon04/12/2027
Statusstill open
Crypto business climate index (current situation, points)
DACH Q4-2026
Crypto business climate index (6-month expectation, points)
DACH Q4-2026

Crypto optimism (industry)

The crypto industry comprises the crypto market and crypto companies.

Points
Crypto optimism index
69.5
Crypto optimism index (points)
DACH Q4-2026

Partner institutions

Participating CES country surveys

National academic partners recruit experts and administer the survey locally. IU International University of Applied Sciences centrally aggregates the harmonized CES data.

Map of Europe: DACH and Cyprus are highlighted as participating CES regions.
IU International University of Applied Sciences
First wave: 2024Q3
DACH (Germany, Austria, Switzerland)
IU International University of Applied Sciences
Project page
Media partner
BTC ECHO
University of Limassol
First wave: 2026Q1
Cyprus
University of Limassol
Project page
Excerpt from the first page of the Crypto Expert Survey – Methodology paper by David Florysiak

Methodology

The methodology paper explains how CES surveys experts, validates responses, and constructs its published indices. Harmonized results are openly available on Harvard Dataverse.

Dataset at a glance

Version
V4.0
License
CC0 1.0
Coverage
DACH, Europe, Cyprus
Period
Q4 2024–Q4 2026
Indices
7

BTC-1M-Price-Expectation-Index (USD) · BTC-6M-Price-Expectation-Index (USD) · BTC-1M-Volatility-Expectation-Index (Points) · BTC-6M-Volatility-Expectation-Index (Points) · Crypto-Business-Climate Index (Current situation, Points) · Crypto-Business-Climate Index (Expectation over 6 month, Points) · Crypto-Optimism-Index (Points)

News

Publications about the Crypto Expert Survey, linked directly to their original sources.

All news