PRESS RELEASE: 72% Consumers and 59% Investors Plan to Increase Their Holdings, New Survey Reveals

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Liquidity solutions provider SharesPost announced the results of second consumer and investor survey on trends in cryptocurrencies and Blockchain technology. Team received 2,490 responses from consumers and 528 responses from individual accredited and institutional investors. The results are kind of attractive.

Cryptocurrency investors haven’t lost faith and are planning to buy more

According to the Managing Director and Head of Research of SharesPost survey indicates that this correction is separating long-term believers from short-term day traders . Investors remain bullish on Bitcoin and Ethereum over the next 18 months because they are the leading digital currencies globally . Both enjoy relatively low correlation to other asset classes and can be an ideal way for investors to diversify a portfolio of stocks and bonds.

Survey shows that 59 percent of investors and 72 percent of consumers plan to increase their holdings over the next 12 months . Majority of respondents expect crypto valuations to increase over the next 12 months though investors were less bullish than in our previous survey. 57 percent of investors and 66 percent of consumers expect growth in crypto valuations over the next year .

The most popular holdings: Bitcoin, Ethereum and XRP

Bitcoin is picked as top cryptocurrency to own by both consumers and investors. According to respondees these three currencies offer the most potential for long term success. Bitcoin, in particular, saw a significant jump in investor interest. Positive investor sentiment for Bitcoin grew to 78 percent from 48 percent. XRP remains investors’ preferred choice over Litecoin and Bitcoin Cash.

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.

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