New research from Citigate Dewe Rogerson, the international communications agency, among investors with investments in crypto-currencies, reveals 56% intend to buy more over the next 12 months, compared to 31% who plan to retain or reduce their exposure. Despite the recent volatility in the market, just 8% intend to sell all their cryptocurrency holdings.
The findings, which are published in a new report entitled: ‘Investor Perception: Crypto-Currencies’, reveals over the next 12 months 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, Executive Director at Citigate Dewe Rogerson said: “At the start of the year, the market capitalisation for crypto-currencies was around $800 billion, but by 2021 over half of the financial professionals (59%) we interviewed expect it to be over $1 trillion, while 15% anticipate it to be more than $2 trillion.”