Crypto-currency investors set to pile in

More than half (56%) of investors with holdings in crypto-currencies intend to buy more over the next 12 months, according to research data published this week.

According to a survey by the communications agency Citigate Dewe Rogerson, that compares with the 31% of investors who plan to retain or reduce their exposure.

The survey also found that, despite recent volatility in the market, just 8% intend to sell all their crypto-currency holdings.

In addition 54% of financial professionals interviewed anticipate crypto valuations will rise, compared to 32% who think they will fall. 

Between now and 2021, 32% think there will be a dramatic increase in valuations, and a further 18% anticipate a slight rise. Less than one in three (28%) think there will be a fall. 

Phil Anderson, Citigate executive director said: “Many crypto currencies have seen a huge increase in valuations, but also exceptional levels of volatility. Crypto-currency millionaires have been created, but depending on when they invested, many other investors have lost money. 

“However, despite the significant levels of volatility and price fluctuations, our research reveals many investors and financial professionals remain optimistic about the future for crypto currencies.”

©2018 funds europe

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