Now that the cryptocurrencies have started gaining its popularity amongst the investors’ community, despite the decline in price, investors remain bullish and inclined to trade with them as per the report published by Business Wire on 6th September. The optimistic scenario amongst the investors’ community has scaled the sector to the next level.
According to SharesPost, an SEC-registered Alternative Trading System (ATS) and Registered Investment Advisor, it offers liquidity solutions to crypto investors. It is also a FINRA registered broker-dealer that uniquely positioned representing investment trends.
The survey was conducted in July 2018 with the sample of 2490 retail investors plus 528 accredited investors. The findings of the survey show that almost 59 percent of the respondents optimistically planned to impart their majority of the portfolio with digital currencies in the next 12 months despite the downturn of two major cryptocurrencies like bitcoin and ethereum in January 2018.
According to Rohit Kulkarni, Managing Director of SharesPost Inc. he opined on the findings of the survey, “Based on our survey, crypto investors haven’t lost faith and are planning to buy more. Importantly, this survey indicates that this correction is separating long-term believers from short-term day traders.”
The insights of the survey concluded that both retail investors and accredited investors focus to invest into Bitcoin. However, Ethereum and Ripple were also the priority of accredited investors. Even though markets started declining, investment in Bitcoin has been the preferred choice amongst the investors’ community.
Amidst all these, investors are more optimistic about the future prospects of Bitcoin and Ethereum. With the ICO boom happened in 2017, they don’t expect the same in 2018 to the extent that the regulatory and government worldwide have tightened their regulations to execute such practices more ethically.
Besides cryptocurrencies, the blockchain technology has started gaining its recognition worldwide community including corporates and governments due to the numerous benefits in place. The survey also presented the fact that almost 32 percent of accredited investors and 49 percent of retail investors profusely said that their employers are actively focusing on implementing blockchain technology in the days to come.
Additionally, almost 27 percent of accredited investors affirmed that the crypto will be at the mainstream in 2020 as there are incremental early adopters. However, the number of accredited investors fell to 27 percent from erstwhile 51 percent.
With the new age technology – blockchain in place, the people have started reaping its benefits to apply for numerous purpose!!