72% of Consumers Will Increase Their Holdings in Crypto in The Next 12 Months, Survey Finds

A study carried out by the Investment platform SharesPost was able to conclude that despite the current situation of cryptocurrencies in general, most users and retail investors have an optimistic vision and plan to increase their crypto asset holdings over the next 12 months.

SharesPost Inc., founded 2009. (PRNewsFoto/SharesPost Inc.)

The research team conducted the survey in July and analyzed the responses of 2490 retail investors and 528 individual accredited and institutional investors. The answers show that in general, the public thinks that cryptocurrencies and DLTs have a promising future.

“Despite the 60 percent decline in cryptocurrency valuations this year, consumers and investors continue to offer a bullish, long term outlook for crypto and Blockchain.”

According to the survey, 70% of hodlers have less than 100k USD worth of crypto in their portfolios. Interestingly enough a similar percentage expressed earning more than 100k a year.

Bitcoin BTC Price VolatilityBitcoin continues to gain part of the acceptance it had lost vis-à-vis other cryptocurrencies. Over 70% of investors believe Ethereum will be the most successful currency; however, this figure is much lower than the 87% acceptance it had at the beginning of the year. In contrast, Bitcoin increased its acceptance from 48% in January to 68% in July 2018. Bitcoin and Ethereum are followed by XRP, LTC, BCH, and XMR.

On the contrary, future expectations present a very different panorama, consolidating Bitcoin (BTC) as the most trusted crypto in the community. Over 78% of consumers expect Bitcoin to be the most successful currency. Ethereum occupies the second place with 52%, and Litecon holds the third place with 41%.

The survey contrasted the differences of opinion between investors and consumers.

Investors believe that the best performing cryptos are ETH, BTC, and XRP. By contrast, consumers still do not see XRP with confidence and think that BTC, ETH, and LTC are the best cryptocurrencies.

Likewise, compared to January, the number of investors with plans to buy cryptocurrencies decreased while the number of consumers with plans to acquire digital assets actually increased.

Both sectors share the view that the main issues preventing people from investing in cryptocurrencies are token volatility and cybersecurity issues.

For the interviewees, Coinbase is the most popular exchange and both sectors interviewed showed a very high level of “crypto awareness.” 100% of the investors said they know about crypto coins, while in the users, the number rises to 97%.

courtesy: Sharespost.com

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