THELOGICALINDIAN - Despite contempo bazaar animation and crumbling valuations added than bisected of investors apparent to cryptocurrency plan on purchasing added over the abutting year
Research conducted by all-embracing communications bureau Citigate Dewe Rogerson has revealed that 56 percent of cryptocurrency investors are planning on purchasing added agenda assets over the abutting 12 months.
Meanwhile, 31 percent of cryptocurrency investors are planning on captivation all or affairs some of their agenda assets, while 8 percent plan on auctioning it all.
Recent weeks accept apparent the prices of cryptocurrencies plummet. At columnist time, Bitcoin (BTC) is trading at $8,346.50, which is able-bodied off its best aerial of over $20K. Likewise, Ethereum (ETH) is trading at $608.65, Ripple (XRP) at $0.68, Litecoin (LTC) at $164.10, and Cardano (ADA) at $0.17 — all decidedly lower than their peaks a few months ago.
Nevertheless, banking professionals appear optimism to Citigate. 54 percent acclaimed that they apprehend the valuations of cryptocurrencies to acceleration over the abutting 12 months, citation added adjustment and acceptance as absolute drivers in price. On the added hand, 32 percent apprehend a drop. The aforementioned allotment of respondents additionally apprehend a “dramatic” access in cryptocurrency appraisal from now until 2021.
Citigate Dewe Rogerson controlling administrator Phil Anderson told City A.M.:
This absolute affect mirrors that of others in the banking industry — like Bitwise Asset Management Vice President of Research and Development Matt Hougan, who stated aftermost ages his acceptance that cryptocurrency is a multi-trillion dollar opportunity. Hougan explained:
Are you planning on accretion your cryptocurrency portfolio, or are you attractive to artlessly authority on to what you’ve got? Do you accept affairs to advertise it all? Let us apperceive in the comments below!
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