According to the British think tank Parliament Street, 55% of UK investors prefer to invest in traditional assets and do not plan to invest in cryptocurrencies.
According to The Great Cryptocurrency Report, 2,000 UK investors took part in the survey. The study was conducted to find out the attitude of UK investors towards cryptocurrencies and find out their investment plans for 2021.
According to the survey, 29% of respondents plan to continue investing in cryptoassets, as they already made a profit during the recent bullish rally in Bitcoin, when it surpassed $ 58,000. However, 31% of investors said they would not invest in this cryptocurrency, since already “missed the train”.
When asked how much Bitcoin will cost this year, 31% of investors suggested that the first cryptocurrency would be trading at around $ 69,000. 18% of those surveyed are more optimistic and expect BTC to reach $ 140,000 in 2021.
However, these predictions pale in comparison with the assumption of the CEO of cryptocurrency exchange Kraken Jesse Powell (Jesse Powell). He believes that in the next decade, bitcoin will grow to $ 1 million. Powell is convinced that the BTC rate can grow indefinitely, and this crypto asset will become the most popular tool for preserving value.
Despite the fact that the attitude of British investors towards cryptocurrencies is changing, more than half of the survey participants are still not interested in entering the cryptocurrency market.
According to the study, 55% of those surveyed do not plan to invest in cryptocurrencies this year, and 52% of investors said they are ready to invest only in the stock market and traditional assets such as gold and other precious metals.
The Parliament Street survey results are corroborated by another Piplsay survey of UK citizens. According to Piplsay, 41% of the country’s residents consider investing in cryptocurrencies risky.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
