According to a British survey over half of cryptocurrency investors plan to buy more this year. Even with the current market volatility – only 8 percent of those interviewed plan on selling their coins.
According to the survey, 56% of those interviewed intend to purchase even more cryptocurrency. This is interesting, as 2% less (54%) actually expect the prices to rise over the next 12 months.
According to the authors of the “Investor Perception: Cryptocurrencies” report – 32% of experts believe that a dramatic increase in cryptocurrency prices will happen by 2021. Further 18% expect a slight rise, while only 28% predict a decrease.
According to Phil Anderson, Executive Director at Citigate Dewe Rogerson, 59% of financial professionals expect the overall cryptocurrency market cap to increase past $1 trillion by 2021. And further 15% anticipate it to cross the $2 trillion mark. This is compared to only 19% who believe that market will shrink instead.
“Whatever the future holds for the cryptocurrency market, one thing is certain – it will continue to attract billions of dollars, dominate the headlines and fuel heated debate about what is likely to happen.”
– Phil Anderson said.
Most of the survey’s participants believe that big companies will be main beneficiaries of the cryptocurrency market. As for the blockchain technologies – 44% of the financial experts believe that the use of blockchain technologies will increase dramatically.
What are your thoughts on the future of cryptocurrency market and blockchain? Let us know in the comments below!