Crypto Sentiment Stays Strong at 55% Despite Market Dips
Even with Bitcoin (BTC) dropping 10% and Ethereum (ETH) losing 25% since August, the mood among investors isn't as gloomy as it seems. A new report from Gemini shows that despite the market shakeup, most investors are still holding strong to their bullish outlook on the top cryptocurrencies.
The 2024 Global State of Crypto Report surveyed over 6,000 people across the US, UK, France, Singapore, and Turkey. The findings? A solid 57% of investors remain confident in adding digital assets to their portfolios, and a surprising 62.5% believe that Bitcoin and Ethereum will rise even higher over the next five years. Even past investors are looking to jump back in, with 70% of ex-owners saying theyâre likely to buy crypto again in the next year.
While some countries have seen a slight dip in crypto ownership, like Singapore, the overall trend shows that investors are sticking to their digital assets despite the volatility. More than half (55%) of current holders are optimistic, especially after weathering the crypto winter of 2022.
Looking ahead, the future of crypto adoption is brightâover 60% of investors expect major businesses to start accepting Bitcoin, Ethereum, and stablecoins as payment in the next decade. So, despite the marketâs ups and downs, the bullish sentiment is here to stay.
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