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Research shows that the majority of end-investors are unconcerned about the recent volatility in the markets, with 54% stating that their confidence in Bitcoin as a viable investment remains unaffected by it. 42% said that volatility has affected their confidence, and 4% of respondents stated that they were unsure.
Commenting on these results, TotemFi CEO Jolyon Layard-Horsfall stated: “Historically, the run up to March is a very volatile period in cryptocurrency markets. Last March BTC fell by 28.9%, and in March 2018 by 39.9%. However, in all instances the price quickly rebounded, and March corrections are often followed by long bull runs and, frequently, by new all-time-highs. The results of this survey undoubtedly show that investors are aware of these historic trends, and are refusing to let brief stints of volatility shake their confidence in the strong fundamentals and growth potential of BTC”.
The survey went on to ask investors about their opinion of the recent situation with GameStop, with only 7% of respondents stating that it has not led to their trust in traditional financial institutions diminishing in any way. Additionally, survey participants were then asked about their biggest concerns to traditional centralized financial institutions, as well as how much of an individual’s net worth they believe should be held in crypto.
The full results of the survey polls are as follows:
1. Does market volatility affect your confidence in BTC, and other cryptocurrencies, as viable investments?
- Yes – 42%
- No – 54%
- Unsure – 4%
2. How has your opinion of traditional financial institutions changed in light of the GameStop situation?
- I’ve completely lost trust in them – 36%
- It’s made me trust them a lot less – 36%
- It’s made me trust them a bit less – 21%
- It’s stayed the same – 7%
- It’s made me trust them more – 0%
3. What is your biggest concern about traditional, centralized financial institutions?
- Corruption – 41%
- High Barriers to entry – 29%
- Too many intermediaries – 18%
- Cybersecurity – 6%
- No concerns – 6%
4. What percentage of net worth do you think investors should hold in crypto?
- 0-10% - 13%
- 10-30% - 20%
- 30-50% - 17%
- 50-70% - 10%
- 70-80% - 7%
- 80-90% - 3%
- 90-100% - 30%
5. What asset classes, markets, and events should investors have greater ease-of-access to speculate on?
- Crypto prices – 62%
- Equity prices – 9%
- Sports results – 19%
- Political events – 5%
- Award winners (Oscars, Grammys etc.) – 5%
Industry Survey: 54% of retail investors undeterred by recent market volatility, according to new research by cryptocurrency platform TotemFi
- Polling conducted by cryptocurrency platform TotemFi reveals confidence of majority of retail investors to be unaffected by recent market volatility.
- Regarding the recent GameStop situation, 36% of survey participants claimed to have completely lost trust in traditional financial institutions.
- 36% claimed to trust them a lot less, 21% a bit less, with online 7% saying their level of trust remains the same as before.
- 41% of participants cited corruption as a major source of concern about traditional, centralized financial institutions.
- TotemFi, a newly launched Decentralised Finance (DeFi) prediction platform, today announces the results of a new industry survey, conducted to a group of over 2,000 retail investors and cryptocurrency market participants.