A new survey among financial experts in the UK shows that more than half of those who invested in cryptocurrencies (56%) are planning to buy more this year. Despite the continuing decline in the market, only 8% of respondents intend to sell all their digital currencies and exit the business. The majority of investors - 54% expect that the price of cryptocurrency will grow in the next 12 months.
These data were obtained as a result of an online survey in which 146 financial experts from Great Britain participated.
The authors of the report "Perceptions of the investor: cryptocurrencies" say that 32% of respondents expect a sharp rise in the prices of crypto-currency by 2021. Another 18% predict a slight increase. Only 28% of respondents believe that the value of digital assets will decrease.
"Many cryptocurrencies have shown a high price increase along with increased volatility," said Phil Anderson, president of Citigate Dewe Rogerson. "There were cryptocurrency millionaires, but many other investors lost money. Despite the volatility and price fluctuations, our research shows that many financial specialists are still optimistic about the future of the Cryptocurrency. "
Anderson also noted that at the beginning of the year the market capitalization of the cryptocurrency was about 800 billion dollars. "More than half of professionals in finance (59%) expect that by 2021 it will be more than $ 1 trillion, and 15% predict that it will grow to $ 2 trillion," he said. Only 19% believe that the market will decline and that market capitalization will be below $ 800 billion.
In addition, most respondents believe that the pressure of regulators on the industry will grow in the next two years - this was stated by 62% of respondents. Despite this, 22% of experts think that the use of digital currencies for payments and remittances will increase dramatically. Another 48% predict the growth of the market in the next five years.
Phil Anderson says:
"No matter what future of the cryptocurrency market will be, one thing is clear for sure: it will continue to attract billions of dollars, appear in the media more often and stir up debates about its fate."
Most survey participants believe that large companies will receive the greatest benefit of the market. More than two-thirds of respondents noted that large firms would increase their cryptocurrency reserves in the next three years. 68% believe that corporations will be tempted to use cryptocurrencies along with smart contracts and other blocking applications on a higher scale. About 54% of respondents believe that more companies will use cryptocurrencies to raise funds. At the same time, 44% of financial experts predict a serious spread of blockchain technology, and 33% believe that it will be more moderate.