Despite a major drop in valuations and continued volatility, investors and consumers are keeping a rosy outlook when it comes to cryptocurrency, according to researchers at securities trading platform SharesPost.

A SharesPost report, based on responses from 2,490 retail investors and 528 individual accredited and institutional investors, found current cryptocurrency owners have stayed bullish even though most don’t expect digital currency to go mainstream until 2025.

The report found 59 percent of accredited investors and 72 percent of consumers plan to buy crypto over the next 12 months. In addition, a majority expect valuations to increase over the next 12 months, with 57 percent of accredited investors and 66 percent of consumers expecting crypto prices to rise over the next year.

The most popular digital currencies are bitcoin (BTC), ether (ETHXRP (XRP) and litecoin (LTC), ranked first, second, third and seventh, respectively, by market cap, according to CoinMarketCap.com.

As for the underlying blockchain technology, 32 percent of investors and 49 percent of consumers said their employers are planning to roll out blockchain in the near future.

ThirtyK Staff
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