Most Cryptocurrency Investors See It as the Currency of the Future

Just over half of cryptocurrency investors believe that it will be integrated into the everyday economy in the coming years.

According to a recent survey by blockchain platform Waves, 51% of cryptocurrency investors across the world believe this.

Further, 90% of the 700 crypto investors around the world that were surveyed believe in the future of cryptocurrency, and they invested in it for long-term returns. About 22% said they invested in cryptocurrencies to diversify their assets, and 18% said they invested in cryptocurrency out of curiosity.

The survey was released earlier this week, when the best-known cryptocurrency was riding its all-time high of $19,783. Today is a different story. As of today the price of bitcoin has fallen more than 30%.

However, if we’ve learned anything this year about bitcoin, it’s that the price fluctuates a lot. As stated in the survey, the cost of bitcoin increased 19-fold this year alone. The price of Ethereum increased 9,000%, exceeding $700 per coin, and Litecoin saw 8,000% increase to more than $300.

The survey also shows that 77% of investors are likely to increase their exposure to cryptocurrencies next year, while 16% said they are not sure and only 7% said no.

You can see full survey here.

To learn more about the latest developments in blockchain and cryptocurrencies join us on March 5-6, 2018 at the Parc 55 in San Francisco for Bank Innovation 2018. Click here to request an invitation.

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Tatjana Kulkarni is Deputy Editor at Bank Innovation. Before Bank Innovation, she was the marketing coordinator at conference producer Capital Roundtable. Prior to that she was a business reporter for nearly three years at The Deal. She has an M.A. in International Relations from New York University and a B.A. in Journalism from L.I.U. Post. In her spare time she travels as much as possible, making it a point to visit at least one new country per year.

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