The experts of financial institutions in the United Kingdom expect the positive dynamics of the cryptocurrency market. According to a survey conducted by Citigate Dewe Rogerson, of the 146 of the professionals surveyed, more than half continued to buy virtual assets. Moreover, most of them believe that within the next 12 months, crypto-currencies will increase in value.
In addition, the survey showed that 56% of respondents plan to purchase more digital currency. 31% are about how to buy new and sell existing assets, and only 8% plan to completely get rid of virtual capital.
At the same time, only 50% expect to increase prices in the long term; 28% say that by 2021, the value of the crypto currency will fall.
“Many cryptocurrencies have demonstrated an unprecedented increase in the value together with extraordinary level of volatility”, — commented the results of the study, Phil Anderson (Phil Anderson), the Executive Director of Citigate Dewe Rogerson. “There cryptomelane, but most investors lost money. Despite the high volatility and price spikes, as shown by our survey, many financiers keep a positive attitude about the future of cryptocurrencies”.
He added that the majority of the poll participants are confident in the growth of capitalization of the cryptocurrency market. If at the beginning of this year it was 800 billion, by 2021 it could reach one trillion dollars (59%) or twice (15%). However, 19% of respondents believe that it will fall even below the level of February 2018.
Anderson argues that the interest in cryptocurrencies in any case, will not disappear:
“Whatever the future may bring for the stock market, one thing is for sure: it will continue to attract billions of dollars flooding the media headlines and provoke heated discussions about what will happen next.”
Experts mainly agree that will increase the pressure from the state authorities. However, this will not prevent the development of the market: 22% say that over the next two years cryptocurrencies will be much more likely to be used for payments and remittances. 48% give more reasonable predictions, but also confident in future growth.
According to survey participants, large corporations will be in the best position. More than 60% believe that companies will increase the virtual capital; 68% believe that big business will begin experiments to introduce smart contracts and other functions, the blockchain technology. 54% expect that even more companies will make “the crypt” in the process of fundraising, 44% of the experts predict an overall increase in the use of the block chain.
However, not all cryptocurrencies are guaranteed to strengthen market position. Read more about the success factors of digital assets, read the article CoinMarket.News.