In a recent survey, it was determined that investors are optimistic about increasing their crypto holdings over the upcoming 12 months.
2,490 retail investors and 528 individual accredited and institutional investors took part in the July survey, that shows an overall tendency of optimism towards crypto for both investors and consumers, despite the low points the market hit in 2018. Almost 60% of investors and over 70% of consumers have admitted to being ready to buy more crypto in the next year. Roughly the same percentage of people expect the crypto market to grow over the year.
Preference-wise, bitcoin was ranked in first place, with ethereum coming second, then ripple and finally litecoin. These were considered by the respondents of the survey to be potentially the longest living and successful cryptos.
Blockchain technology was also stated as an area of interest and just over 30% of investors and almost 50% of consumers say that they are sympathetic towards the idea of implementing blockchain in the foreseeable future.
Talking worries, 50% claimed that the volatility of the market was the main concern they had, while just under 40% expressed their main worry was one regarding the security of crypto.
WHY IS THIS IMPORTANT?
- Despite the fact that the market has been experiencing a visible downfall, it is a good sign that the people interested in and related to crypto have a positive overview of the industry.
- These results suggest that crypto has already gotten deep into our systems and is slowly becoming an everyday phenomenon for us since the market's low points don't scare everyone enough to lose faith in crypto.