According to the Sharepost survey, an investment and advisory firm, it reveals the new surge of optimism in Bitcoin (BTC) value as the community interest in Ethereum continues to decline.
Sharepost Survey Details
Sharepost’s survey of the disposition of the cryptocurrency community on cryptocurrencies reveals that 68% believe that Bitcoin has the most potential among all other cryptocurrencies as against the 48% obtained in the January survey.
Ethereum, which was the most favored, back then in January as revealed by the survey has seen a decrease to 71% from 87% it got in much earlier in the year.
The respondents were more disposed to the major cryptocurrencies such as; Bitcoin (BTC), Ether (ETH), XRP and Litecoin (LTC). Their age grades lie between 18-64-year-olds and a total of 2,400 responses, with 538 coming from individuals and institutional accredited investors.
The survey report further shows that Bitcoin, Ethereum, XRP, and Litecoin gives the most potential for long-term success, as XRP is more favored among all.
The Increasing Interest In Cryptocurrency
The price of cryptocurrency that has taken the bearish trend since the beginning of the year and the ten Bitcoin ETF rejection by the U.S. SEC has made some loose hope on the value of cryptocurrency to rise again this year.
Many enthusiasts have associated the bullish trend of cryptocurrencies to the approval of a Bitcoin ETF. However, despite the disappointments seen, there is still a high number of investors and enthusiasts that still believe in the rise.
YouGov survey shows that 50% of those born between the 1980s and the 1990s are interested in the realism of cryptocurrency as a form of primary payment.
So also Hermann Finnbjörnsson believes that Bitcoin will see a surge in price, heading to $10,000 by the beginning of November, courtesy of the institutional role and the pending ETF approvals.
The YouGov survey also shows that in 10yrs, cryptocurrency would have seen broader adoption than what it is presently, as noted by 36% of the survey participants. Thomas Schouten, the head of marketing Lisk (LSK) indicated that the survey shows that the global leaders of tomorrow are aware and open to cryptocurrency, however, there is a need for improved understanding of the future utility of the underlying technology.
Meanwhile, the less demand for Ether has seen projects selling off their ICO fund; this is said to have contributed to the decrease in value of the ETH as seen in the market today.