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Investors are Bullish ON Bitcoin, Ethereum, Cardano, Polkadot, Solana, Luna and XRP, Survey Show

A recent poll conducted by digital asset investment firm CoinShares reveals how bullish investors are. Notably, the results shows nearly half of investors are bullish on a particular crypto asset. Surprisingly, this crypto asset is not Bitcoin (BTC).

Furthermore, the survey shows that 42% of investors sees Ethereum (ETH) as the most attractive crypto asset. Of course, this is based on potential growth and it beats Bitcoin by 24 percentage points.
More so, CoinShares notes that the Ethereum’s market share of crypto assets under management is seeing 15% point increase on year-to-date.

“42% of investors see Ethereum as having the most compelling growth outlook…”
“and by a significant margin, outstripping Bitcoin at 18%…”
“This mirrors the growth in assets under management (AuM)…”
“we have seen in Ethereum, where market share of investment products has risen…”
“…from 11% at the beginning of the year to 26% today.”

Meanwhile, After Bitcoin, investors are getting bullish Cardano (ADA), Polkadot (DOT), Solana (SOL), Terra (LUNA), Radix (XRD), and XRP (XRP).

Furthermore, the survey reveals that about a third of all investor has their fund in crypto assets on speculations. Meanwhile, about a quarter wants to diversify their portfolio.

Conclusively, The recent regulatory uncertainties is also part of the major reasons hindering investors from going all in into crypto assets.

Of the survey respondents who said they had not invested, regulation (21%) was cited..”
“…as the main reason for not investing…”
“Closely linked to this were corporate restrictions at 19%.”

However, Coinshares notes that the major risks for investors include government bans and regulations.

“Politics, government bans, and regulation make up 58%…”
“…of the perceived key risks for digital assets.”

Related Posts – JPMorgan Opens In-House Bitcoin Fund for High-Net-Worth Customers

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.