More than 70% of crypto consumers plan to increase their crypto holdings: Survey
A new survey revealed that majority of the crypto investors and consumers want to expand their holdings. However, it is being hindered by doubts and uncertainties. The recent survey by liquidity solutions provider, SharesPost, shows that in the next 12 months 72% of crypto consumers and 59% of investors wish to increase their crypto holdings.
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 report. “However, investors have become less optimistic about near-term cryptocurrency trends while consumers’ positive outlook remains largely unchanged since the beginning of the year.”
Since the last year’s report, the figures of consumers being optimistic have increased but investors have decreased by 12%, down from 72%. As far as adoption is concerned, both investors and consumers’ expectations went down for widespread crypto and blockchain adoption. According to most of people who responded to the survey believe that 2025 is the realistic figure for high adoption rate.
However, it was noted that the desire to implement blockchain in businesses have increased all over, as around 33% of investors and 50% of consumers positively responded to, “Is your company planning to implement Blockchain?”
According to the survey, maximum consumers and investors believe Bitcoin has the maximum potential for long-term success.
Apart from BTC, the other coins that they were bullish on include Ethereum (ETH), XRP and Litecoin (LTC) as the second, third, and fourth position. The survey also noted that the investors’ interest in BTC increased by 30 percentage from last year. Also, the number of respondees showing interest in the first cryptocurrency went up, as 78% of them responded positively, while last year it was only 48%.
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