An article in Business Insider by Phil Rosen reported that Deutsche Bank published recently published a study says that the majority of crypto investors surveyed would be steadfast holders even if prices plunged dramatically.
The findings point to a broad bullishness for cryptocurrencies. Less than half of crypto investors surveyed would reduce or sell their crypto positions even if prices dropped by 80%. Meanwhile, nearly 50% of those surveyed say they have either become so successful in crypto trading that they’ve already left their job or are considering leaving their job.
Among the 3,250 US consumers surveyed as part of the “The Future of Cryptocurrencies” report from the bank, 680 respondents used cryptocurrencies. Of those, 65% said they had used cryptocurrencies for the first time during the last year.
Over half of crypto investors say they buy in because they think they can make money, with curiosity and portfolio diversification among other common motivations.
Key finding included:
- A Deutsche Bank report found that most crypto investors are steadfast holders.
- The potential for high returns and portfolio diversification were common reasons for investing in crypto.
- Most crypto transactions are under $100, and only a small percentage believe “crypto is a golden ticket.”