Traders Predict Growth Of Crypto Market And Are Ready To Invest In Tokens
Crypto investors expect to increase their digital assets in the next 12 months. More than 70% of retail investors indicated their intention to buy cryptocurrency in the future, according to a study by the securities exchange SharesPost.
The team of the platform conducted a survey of about 2500 private traders and 528 large institutional investors. The results showed that the tokens holders are rather optimistic about the crypto market’s future — 72% of ordinary consumers are ready to keep on investing in bitcoins, and, among professionals, this figure reaches 59%.
Also the researchers found out that more than a half of the respondents from each group have confidence that cryptocurrencies' price will increase in the next few years. Beyond that, investors expect tokens to be globally adopted by 2025. However, in a January poll, participants bet on 2020 — at the time of that research, most cryptos were traded at historically high prices.
Among the main problems, that hinder the effective blockchain adoption, the respondents noted commercial deals and a lack of knowledge.
According to Rohit Kulkarni, the head of research at SharesPost, investors see prospects for bitcoins and ethers, as they lead the global cryptocurrencies market. He added that these tokens are not significantly dependent on other types of assets, such as stocks and bonds, and this is a great way to diversify the investment portfolio. Accredited investors more often choose altcoins like Ripple, whereas amateurs primarily invest in bitcoin, Kulkarni noted.
As previously reported, the specialists at Satis Group predicted that the price of bitcoin will be $96,000.