April 25, 2018 | Blog

New SharesPost Crypto Survey: Consumers and Investors Bullish Remain in 2018 Despite Recent Volatility #NotJustHODL

This blog is an excerpt from a research report titled “Highlights From SharesPost’s 2018 Cryptocurrency and Blockchain Survey.” To download the report, please log in to your SharesPost account or register here.

Despite a volatile market and regulatory uncertainty, cryptocurrency remains highly appealing for investors and consumers, and many will continue to buy more digital currencies in 2018, according to SharesPost’s First Annual Cryptocurrency Survey.

More than two-thirds of current cryptocurrency owners (consumers and investors) plan to increase their holdings, while 21 percent of survey respondents said they will purchase their first cryptocurrencies sometime over the next 12 months.

SharesPost invited consumers and individual accredited investors to participate in an online survey. Our poll was designed to understand their views about cryptocurrencies and Blockchain and what the future holds for digital currencies. The survey was conducted during January and February of this year. We received responses from more than 2,300 consumers and over 100 investors.

For those who are interested in learning more about cryptocurrencies and blockchain technology, please check out our report – Decrypting Blockchain – The Internet of Value.

Bright Outlook

The outlook for digital currencies is positive, despite the recent volatility in cryptocurrencies. Prices for Bitcoin have wildly fluctuated over the past few months. At the same time, the U.S. Securities and Exchange Commission is actively investigating Initial Coin Offerings (ICOs) and cryptocurrencies as a whole. The SEC has already subpoenaed companies for information, and the agency has penalized issuers, advisors, and unregistered exchanges.

But the regulatory uncertainty doesn’t seem to be deterring the desire to own cryptocurrencies. Indeed, investors and consumers regard Etherium, Bitcoin, and XRP/Ripple as the best-positioned cryptocurrencies for the long term.

Other highlights from the survey:

Investors expect Blockchain technology to disrupt Fintech in the near future: Investors believe Blockchain will challenge companies in money transfer, payments and asset management over the next few years. Companies such as Ripple, Circle and 21.com, as well as consortiums like R3, are developing Blockchain solutions focused heavily on financial services.

Investors believe money transfer and payments to lead blockchain conversion.
Investors believe money transfer and payments to lead blockchain conversion
Source: SharesPost Research; N = 81 individual investors; Survey Question: “Which sector of Blockchain technology are you most bullish on?”; Percentages rounded off to the nearest integer

The majority of crypto owners think digital currencies will go mainstream by 2025: Over 60 percent of consumers and investors say cryptocurrencies will be widely adopted by the end of 2025. However, 28 percent of respondents believe cryptocurrencies will never go mainstream or they don’t have a strong opinion either way.

Crypto owners say security and convenience are top areas for improvement: Over one-third of consumers and individual investors would embrace cryptocurrencies if banks and ATMs made it easier to use them. The increasing number of cyber attacks on crypto exchanges, coupled with volatility in value, are also a key concern.

Consumers and investors alike need more Blockchain education: Almost half of the consumers and investors say a lack of familiarity with Blockchain prevents them from investing in it. Survey respondents are also concerned that the technology remains fairly unproven. We believe these challenges are solvable and are the growing pains typical of any game-changing technology.

PLEASE READ THESE IMPORTANT LEGAL NOTICES & DISCLOSURES

CONFLICTS

This report is distributed by SharesPost Financial Corporation, a member of FINRA/SIPC. SharesPost Research LLC, SharesPost Financial Corporation, and SP Investments Management, LLC, an investment adviser registered with the Securities and Exchange Commission, are wholly owned subsidiaries of SharesPost, Inc.

Recipients who are not market professionals or clients of SharesPost Financial Corporation should seek the advice of their own financial advisors before making any investment decisions. None of the information contained in this report represents an offer to buy or sell, or a solicitation of an offer to buy or sell, any security, and no buy or sell recommendation should be implied, nor shall there be any sale of these securities in any state or governmental jurisdiction in which said offer, solicitation, or sale would be unlawful under the securities laws of any such jurisdiction.

This report does not constitute an offer to provide investment advice or service. Registered representatives of SharesPost Financial Corporation do not (1) advise any member on the merits or prudence of a particular investment or transaction, or (2) assist in the determination of fair value of any security or investment, or (3) provide legal, tax, or transactional advisory services.

ANALYST CERTIFICATION

The analyst(s) certifies that the views expressed in this report accurately reflect the personal views of such analyst(s) about the subject matter therein, including all of the subject securities or issuers, and that no part of such analyst compensation was, is, or will be during their employ directly or indirectly related to their specific views contained in this report.

Analyst compensation is indirectly based upon the growth and success of SharesPost, Inc., including the overall performance of its subsidiaries, the individualized performance of any such analyst, and the development and progression of the overall research effort. SharesPost, Inc. earns revenue from, among other avenues, brokerage sales, and therefore the analyst may indirectly benefit from research reports that have the ultimate effect of increasing trading activity, either through SharesPost Financial Corporation and/or with SharesPost Investment Management, LLC.

DISCLAIMER

This report does not contain a complete analysis of every material fact regarding any issuer, industry, transaction, or security. The opinions expressed in this report reflect the judgment of the analyst at a specific point in time and are subject to change. The information contained in this report has been obtained from sources the analysts consider to be reliable; however, there is no guarantee the any of the information is accurate.

Securities referenced in this report may be offered by SharesPost Financial Corporation, member FINRA/SIPC. SharesPost Financial Corporation and SP Investments Management are wholly owned subsidiaries of SharesPost, Inc. Certain affiliates of these entities may act as principals in such transactions.

Investing in private company securities is not suitable for all investors. An investment in private company securities is highly speculative, involving a high degree of risk, and investors should be prepared to withstand a total loss of your investment. Private company securities are also highly illiquid and there is no guarantee that a market will develop for such securities. Each investment also carries its own specific risks and investors should conduct their own, independent due diligence regarding the investment, including obtaining additional information about the company, opinions, financial projections and legal or investment advice.

Accordingly, investing in private company securities is appropriate only for those investors who can tolerate a high degree of risk and do not require a liquid investment.

SharesPost, the SharesPost logo, My SharesPost, the SharesPost Index, and SharesPost Investment Management are all registered trademarks of SharesPost, Inc. All other trademarks are the property of their respective owners.

Copyright SharesPost, Inc. 2019. All rights reserved.

Alejandro Ortiz

Alejandro Ortiz

Alejandro is a Research Analyst, Private Investment Research for SharesPost Research LLC. Prior to joining SharesPost, he was a Valuation Analyst at Duff & Phelps with a focus on TMT industries.

PLEASE READ THESE IMPORTANT LEGAL NOTICES & DISCLOSURES

CONFLICTS

This report is distributed by SharesPost Financial Corporation, a member of FINRA/SIPC. SharesPost Research LLC, SharesPost Financial Corporation, and SP Investments Management, LLC, an investment adviser registered with the Securities and Exchange Commission, are wholly owned subsidiaries of SharesPost, Inc.

Recipients who are not market professionals or clients of SharesPost Financial Corporation should seek the advice of their own financial advisors before making any investment decisions. None of the information contained in this report represents an offer to buy or sell, or a solicitation of an offer to buy or sell, any security, and no buy or sell recommendation should be implied, nor shall there be any sale of these securities in any state or governmental jurisdiction in which said offer, solicitation, or sale would be unlawful under the securities laws of any such jurisdiction.

This report does not constitute an offer to provide investment advice or service. Registered representatives of SharesPost Financial Corporation do not (1) advise any member on the merits or prudence of a particular investment or transaction, or (2) assist in the determination of fair value of any security or investment, or (3) provide legal, tax, or transactional advisory services.

ANALYST CERTIFICATION

The analyst(s) certifies that the views expressed in this report accurately reflect the personal views of such analyst(s) about the subject matter therein, including all of the subject securities or issuers, and that no part of such analyst compensation was, is, or will be during their employ directly or indirectly related to their specific views contained in this report.

Analyst compensation is indirectly based upon the growth and success of SharesPost, Inc., including the overall performance of its subsidiaries, the individualized performance of any such analyst, and the development and progression of the overall research effort. SharesPost, Inc. earns revenue from, among other avenues, brokerage sales, and therefore the analyst may indirectly benefit from research reports that have the ultimate effect of increasing trading activity, either through SharesPost Financial Corporation and/or with SharesPost Investment Management, LLC.

DISCLAIMER

This report does not contain a complete analysis of every material fact regarding any issuer, industry, transaction, or security. The opinions expressed in this report reflect the judgment of the analyst at a specific point in time and are subject to change. The information contained in this report has been obtained from sources the analysts consider to be reliable; however, there is no guarantee the any of the information is accurate.

Securities referenced in this report may be offered by SharesPost Financial Corporation, member FINRA/SIPC. SharesPost Financial Corporation and SP Investments Management are wholly owned subsidiaries of SharesPost, Inc. Certain affiliates of these entities may act as principals in such transactions.

Investing in private company securities is not suitable for all investors. An investment in private company securities is highly speculative, involving a high degree of risk, and investors should be prepared to withstand a total loss of your investment. Private company securities are also highly illiquid and there is no guarantee that a market will develop for such securities. Each investment also carries its own specific risks and investors should conduct their own, independent due diligence regarding the investment, including obtaining additional information about the company, opinions, financial projections and legal or investment advice.

Accordingly, investing in private company securities is appropriate only for those investors who can tolerate a high degree of risk and do not require a liquid investment.

SharesPost, the SharesPost logo, My SharesPost, the SharesPost Index, and SharesPost Investment Management are all registered trademarks of SharesPost, Inc. All other trademarks are the property of their respective owners.

Copyright SharesPost, Inc. 2019. All rights reserved.