Survey: 59% of Investors Plan to Purchase More Crypto

A survey completed by private securities investment platform SharesPost shows that a majority of accredited and retail investors intend to raise their virtual asset holdings in the coming 12 months.

Performed last July, the survey, which was released on September 5, involved 2,490 retail investors and 528 individual accredited and institutional investors.

According to the survey, despite the 60 percent drop in digital currency valuations in 2018, users and investors are still optimistic about cryptos. The survey says that no less than 59 percent of investors polled and 72 percent of consumers claim that they intend to purchase more coins in the coming 12 months. The poll also shows that 57 percent of investors and 66 percent of consumers believe that crypto valuations will increase in 2019.

The survey has also asked respondents to rank digital currencies in terms of preference. Bitcoin has emerged to be the favorite among those surveyed followed by Ethereum, Ripple, and Litecoin. The survey indicates that participants determined that the four virtual currencies hold the strongest potential to achieve long-term success.

Through the survey, respondents have also conveyed their growing interest in Blockchain tech. The poll adds that 32 percent of investors and 49 percent of consumers mentioned that their employers also show interest in adopting Blockchain innovations in the future.

Consumers and investors alike believe that the existence of related commercial applications combined with appropriate knowledge on the innovation is a key element in the success of Blockchain implementation.

In conclusion, the SharePost survey also reveals that 50 percent of those polled expressed that their main concern is about the volatility of the crypto market, while an additional 37 percent identified security as their main concern.

Coinwire has earlier reported that a survey led by research firm YouGov Omnibus in August reveals that half of the millennials in the United States are interested in using digital currency. The survey further states that 79 percent of Americans are aware of at least one virtual currency.