New Sharespost Survey Shows Consumers Maintain Bullish Outlook on Bitcoin and Crypto’s Future
The cryptocurrency market has been in a bear trend for a very long period of time. Indeed, for over a year, Bitcoin (BTC) and other digital currencies have been falling. Nevertheless, this might be close to an end at any moment.
The FINRA-registered broker Sharespost emphasizes that people have become more optimistic about cryptocurrencies.
People Remains Bullish About Virtual Currencies
According to researchers from Sharepost, investors and crypto enthusiasts seem bullish about the future of the market. The researchers released data from a recent survey that they conducted and that involved 1,018 consumers and 96 accredited and institutional investors. 30% of these investors mentioned that they owned at least $25,000 in Bitcoin and 20 percent said that they owned a similar amount of Ethereum (ETH).
The most bullish digital assets seem to be Bitcoin, Ethereum XRP and Litecoin (LTC). However, the research shows that there are decreased expectations for Ethereum due to the delayed Constantinople upgrade at that time.
Alejandro Ortiz, Sharespost’s research analyst, commented:
“The crypto winter is not over, but the latest survey data indicate there is a thaw in sentiment and growing bullishness about the future of cryptocurrencies and blockchain technology.”
Furthermore, almost 40 percent of investors and 46 percent of the consumers that were surveyed said that in the future, their employers will be using blockchain technology to some degree.
The respondents believe that money transfers and payments are the top categories that blockchain technology will be disrupting in the future.
The survey conducted by the firm back in 2018, investors believed that blockchain adoption was going to take place as soon as in 2020. However, investors believe that this will not happen until 2025. This could also be related to the bear trend that the market experienced throughout 2018.
The report shows that investors are betting big on Bitcoin and other virtual currencies. There are also some virtual currencies that are attracting investors in the space as well.