6 in 10 people would consider cryptocurrency investment

Six in ten people without any exposure to cryptocurrencies would consider introducing cryptocurrencies, such as Bitcoin, into their investment portfolio, a global poll has revealed.

Meanwhile, the study further found that seven in ten investors with exposure to cryptocurrencies are planning to increase their investments within the next twelve months.

The survey carried out by the deVere group consisted of 800 investors, all clients of the group, across the UK, the US, Australia, the UAE, Qatar, Switzerland, Hong Kong, Spain, France, Germany and South Africa.

deVere Group’s founder and CEO Nigel Green said on the matter: “The fact that more than 60 per cent of people with currently no exposure to cryptocurrencies would consider including them into their investment portfolios is striking.

“It underscores how, despite what many financial traditionalists have opined, that a majority of investors are now open to consider the opportunities that the likes of Bitcoin, Ethereum and Ripple could present.

“An increasing general awareness of cryptocurrencies and how they work, plus a growing sense that cryptocurrency regulation is now inevitable, are perhaps the main reasons why such a high percentage of people are now open to looking at the possibilities of crypto for their portfolios.”

Green believes that investors are expecting “good returns in 2018 from cryptocurrencies”, viewing them as a strong long-term investment with the market eventually stabilising.

However, the group CEO concluded: “Cryptocurrencies remain a gamble – they are very much ‘unchartered waters’ assets and caution must be exercised. However, that said, I do believe that in today’s digital world, there is a need for digital currencies. One or two of the existing ones will succeed, whether it’s Bitcoin, Ethereum, Ripple, Litecoin, Dash, or any of the others, or not, of course remains to be seen.”

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