Between 6th to 13th of November, Triad Securities Corp. and DataTrek Research, LLC spoke with 317 institutional traders in a survey that shows their views on bitcoin and ICOs.
When participants were asked whether they had ever bought bitcoin or other cryptocurrencies, 31% said yes, and around half having done so only within the last six months. Another 36% professed to be considering buying bitcoin, 31% ruled it out altogether and, not surprisingly, just 1.5% of respondents confessed to being unfamiliar with bitcoin.
The same group was also asked about ICOs, which received less enthusiasm than bitcoin. The number of traders who had invested in them was less than 8%, and 48% stated that they hadn’t even looked at ICOs. 29% of those surveyed did admit to considering the merits of ICO investment, and another 15% expressed a desire for additional regulation before they would consider venturing into the space.
41% see bitcoin as a safe store of value similar to gold and just over 39% think bitcoin is a bubble that’s destined to crash. 27% think it will continue to rise gradually, and another 17% are bona fide bulls, asserting that bitcoin will double in value in the next six months.