Growing Optimism Among Blockchain and Cryptocurrency Users

Mar 12, 2019 at 14:41 // News
Coin Idol
Traders and investors have tried to remain optimistic about the long-term prospects of cryptocurrency and blockchain.

Traders and investors have tried to remain optimistic about the long-term prospects of cryptocurrency, regardless of the precipitous plunge in values for more than 13 months. The FINRA-registered broker SharesPost underlines that the public has become more hopeful about blockchain and cryptocurrencies, like Bitcoin.

Several blockchain and cryptocurrency investors have lately become more positive about near-term digital currency movements, with a big number planning to multiply their individual holdings. The survey saw over 1,000 clients, institutional investors and recognized investors participate in January and February 2019.   

Crypto Winter isn’t Over Yet   

The record popular cryptocurrency exchanges were Coinbase, Binance, Kraken, Robinhood, Gemini and Circle, according to the survey. Over 30% of the investors who were surveyed indicated that they owned no less than $25,000 worth of Bitcoin (BTC) and 20% hold a comparable amount of Ether (ETH).   

“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 digital currencies and blockchain,” said SharesPost Research Analyst Alejandro Ortiz.   

Among the other important findings and discoveries from the survey include: Bitcoin Core, Ethereum and Ripple (XRP) remain the most popular cryptocurrency holdings (Positive investor gush for BTC grew to over 80%); Investors and clients expect more regulatory clarity (43% of investors expect regulations governing crypto to advance the future of the industry and around 75% of those surveyed anticipate greater clarity from responsible regulators vis-à-vis cryptocurrency); and the number of firms executing blockchain remains steady (39% of investors and 46% of users expect their employers will apply distributed ledger technologies (DLTs) in the time to come – possibly by 2025).   

Money Transfers & Payments   

Nevertheless, the research indicates that there are diminished expectations for ETH owing to the overdue Constantinople upgrade at the time of the survey.   

Also, the respondents think that money transfers and payments are the top types that blockchain will be disturbing in the future. 

The survey done by the same company last year showed that investors thought that blockchain and crypto adoption was going to happen immediately in 2020. However, investors think that this will not transpire until 2025. This could also be related to the bear drift that the market faced during the course of 2018.

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