A recent survey published by SharesPost shows that while the market downturn does have investors worried, many still hold a positive outlook towards cryptocurrencies, with some even planning to add to their holdings.
The report reveals that nearly six in every ten respondents to the July survey indicate more capital will be allocated to cryptocurrencies. Many seek to buy cryptocurrencies at a lower price point, popularly called by many as “buying the dip”.
For long-term investments, Bitcoin and Ethereum remain bullish. No surprise there, as both cryptocurrencies are the ones that offer the most when it comes to payments and technology. Many respondents hold a positive outlook over the next 18 months.
Adoption Issues Continue
The survey from SharesPost also examines investor outlook on blockchain. With many firms exploring potential use cases for distributed ledger technology, and even more firms beginning to integrate blockchain into their systems, blockchain technology may soon become a force to be reckoned with.
Mainstream adoption, however, remains elusive, with the widespread adoption of Bitcoin and Ethereum unlikely for now. Investors see no real changes on the horizon prior to or during 2020.
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