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Laxman Pai, Opalesque Asia: Though cryptocurrency has plummeted during the last few months, consumers and investors continue to hold a bullish, long term outlook for both cryptocurrency and Blockchain in general. However, investors are less optimistic about near-term cryptocurrency trends.
According to a research report by SharesPost, a regulated ATS and global security token platform, 59% of investors and 72% 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.
The mid-year survey, which was conducted in July, polled 2,490 retail investors and 528 individual accredited and institutional investors.
According to the survey, Bitcoin was most preferred, followed by Ethereum, Ripple and Litecoin. Positive investor sentiment for Bitcoin grew to 78% from 48%. XRP remains investors' preferred choice over Litecoin and Bitcoin Cash.
The survey said that participants increasingly expressed interest in blockchain technology. 32% of investors and 49% of consumers say their employers are interested in implementing blockchain in the near future.
However, cryptocurrencies and Blockchain technology may take longer to go mainstream, said the report. The percentage of investors who think crypto will go mainstream in 2020 dropped to 27% from 51%; 37% from 42% among consumers. More people now feel 2025 is a more realistic time table for digital currencies.
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