By Bitcoin is the powerhouse of the cryptocurrency market. There is no doubt about that, especially now that a survey conducted by a private equity marketplace has confirmed it. Sharespost attracted 1114 people to take part in their survey, out of which 96 are accredited investor or institutions.
The majority of participants are already invested in cryptocurrency with about 30% owning $25.000 in BTC and 20% owning $25.000 in ETH.
Which cryptocurrencies are most attractive to you?
There are a couple of interesting findings in the survey report. Compared to January 2018, consumers and accredited investors have expressed more faith in the future of Bitcoin and XRP, but less faith in the future of ETH.
Investors also expressed bullish tendencies for some of the altcoins, the top performers being Stellar, Litecoin, Monero, and Stable Coins.
Will you purchase more crypto in 2019?
Approximately 65% of survey takers have expressed an explicit interest in increasing their crypto portfolio in 2019, while 17% have said that they are not sure. Their general expectations are that cryptocurrency prices, at least at the top performer level will rise anywhere between 25% and 50%.
Will companies implement blockchain technology in 2019?
Another facets that was inquired through the survey was whether investors would expect of themselves to implement blockchain technology in their companies to which 39% answered positively.
Consumers were asked the same thing about their employers and about 49% gave a positive answer. This reveals that knowledge about blockchain and the potential benefits of implementing it in a system is growing. People around the world are starting to expect businesses to incorporate blockchain in some way.
Which industry will be disrupted by Blockchain?
Investors believe that the main targets for disruption will be Money Transfer, Payments, Asset Management, Identity Management, and Decentralized Stock Exchanges.
The consumer side of things looks similar, with most expecting the technology to break old business in the same industries with the addition to cybersecurity and retail banking.
When will crypto and blockchain reach mainstream adoption?
The answers to this question are surprising. Surprisingly similar. In both groups, the majority of people expect both crypto and blockchain to fully become mainstream by the end of 2025. Also interesting is the fact that a small minority of accredited investors and consumers believe that they will never become mainstream.
What worries you the most about the technology?
The major concerns are legitimate, and ones that we are sure you would agree with as well. Both investors and consumers are taken aback by the massive amounts of volatility found in digital assets, as well as the regulatory uncertainty. Among other things, another major fear factor is the difficulty of securing digital assets.
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