New Survey Found that 72% of Consumers Intend to Buy More Cryptocurrency

Despite the negative bitcoin news recently, the latest SharePost survey showed that consumers and investors remain optimistic. In fact, they are considering buying more digital currencies in the next 12 months. In addition, according to the survey, blockchain technology projects are also continuing to grow.

Recently, it has been reported that Goldman Sachs will suspend the opening of the digital currency counter plan because of unclear supervision. As a result, cryptocurrency market has experienced a collective waterfall decline, and the decline in bitcoin has reached 14% within 24 hours.

Even so, retail investors remain confident in the crypto industry. The results of the SharePost survey on September 5 are obvious that consumers believe the bull market will come and investors are cautious but optimistic.

In the past few months, the price of cryptocurrency has been fluctuating. However, 59% of investors and 72% of consumers intend to increase their holdings in the next 12 months. Most respondents expect the recover of cryptocurrency valuatios in the next 12 months, but investors are more cautious than consumers. Consumers expecting cryptocurrency to increase value accounted for 66%, and investors accounted for 57%.

The respondents included 2,490 consumers and 528 institutional investors as well as individuals. Bitcoin is still the king of cryptocurrency. The most coin that was held by respondents is bitcoin coin, followed by Eth coin, Litecoin and Ripple xrp. In addition, 70% of investors believe that Ethereum will be the most successful cryptocurrency.

The study also concluded that consumers and investors are also optimistic about blockchain technology. Specifically, 32% of investors and 49% of consumers mentioned that employers are planning to launch blockchains in the near future.

For respondents, price volatility and security is the most concerning. In addition, the survey also stressed that due to the lack of education on blockchain technology and examples, there are still many obstacles for large-scale adoption.

On the plus side, consumers and investors are more aware of cryptocurrencies. The study claimed more than 95% of consumers and 100% of investors know about crypto assets.

Besides, the SharePost survey concluded that the majority of respondents believe that cryptocurrency will eventually replace legal tender in 2025.