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.
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