2018 Cryptocurrency and Blockchain Survey
April 18, 2018

2018 Cryptocurrency and Blockchain Survey

Highlights from SharesPost’s Proprietary 2018 Cryptocurrency and Blockchain Survey

We are pleased to announce the results of our first annual consumer and investor survey on cryptocurrency and Blockchain. We received 2,410 responses, including 108 responses from individual accredited investors. Survey participants represented a wide range of private and public market investment styles. Overall, respondents said they were quite optimistic about Blockchain technology and it’s applications over the next few years.

Key highlights from the survey include:

  • Consumers are highly familiar with cryptocurrencies: We believe the recent exponential growth (over 1,000 percent) in cryptocurrency value, including Bitcoin, Ethereum and Ripple, has significantly increased awareness among not only investors but also consumers across the world. From our survey of over 2,000 consumers, 95 percent said they were aware of cryptocurrencies.
  • Most cryptocurrency owners purchased first asset over the past 24 months: Over 70 percent of consumers and individual investors entered the market since 2016. Bitcoin remains a popular cryptocurrency among consumers (purchased by 78 percent of cryptocurrency owners), whereas investors preferred Ethereum (purchased by 83 percent). Other popular cryptocurrencies include Litecoin (32 precent), Ripple XRP (20 percent), Bitcoin cash (17 percent), and Monero (11 percent)
  • Positive outlook for Bitcoin, Ethereum and XRP/Ripple: Bitcoin, Ethereum and XRP/Ripple are among the top five currencies positioned for long term success among consumers and investors. The overwhelming majority of consumers believe Bitcoin will be successful over the longer term; investors felt the same about Ethereum.
  • Coinbase, Blockfolio and Bitcoin Checker among the most familiar crypto apps: Over 60 percent of both consumers and investors chose Coinbase as their most familiar application while 20 percent plus selected Blockfolio. They also said Coinbase was the crypto exchange most poised for future success.
  • Demand for cryptocurrency expected to rise: More than two thirds of current cryptocurrency owners (consumers and investors) plan to increase their holdings while 21 percent of consumers say they will purchase their first cryptocurrencies sometime over the next 12 months. As more companies adopt Blockchain technology, businesses and investors increasingly recognize the value of Blockchain startups and related cryptocurrencies.
  • Majority of crypto owners think digital currencies will go mainstream by 2025: Over 60 percent of consumers and investors say the public will widely adopt cryptocurrencies by the end of 2025. However, 28 percent of the survey respondents didn’t have such a strong opinion about the future of cryptocurrencies or believe that they will never go mainstream.
PLEASE READ THESE IMPORTANT LEGAL NOTICES & DISCLOSURES

This article 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.

Securities referenced in this article 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. 2020. All rights reserved.

PLEASE READ THESE IMPORTANT LEGAL NOTICES & DISCLOSURES

This article 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.

Securities referenced in this article 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. 2020. All rights reserved.