Survey: Ethereum wins Bitcoin, becoming the most optimistic cryptocurrency investment choice for professionals

hyip investor blog hongwei 2018-7-10 Currency News 10 0 0

According to a survey conducted by US law firm Foley & Lardner LLP, investors and corporate executives believe that Ethereum is the best investment option compared to mainstream cryptocurrencies such as Bitcoin. At the same time, they also hope to strengthen supervision of the encryption market.

The survey was conducted by more than 60 professionals, most of whom are investors or corporate executives, with questions related to regulations, investments, ICO, market capitalization, and the likelihood of market collapse, providing investors with investment in the coming year. Important data that should be noted.

The survey shows that most respondents want to strengthen regulation of the US encryption market, as it is still unclear how to apply current financial regulations to the digital asset market.

Among the mainstream cryptocurrencies, 43% of respondents believe that Bitcoin is the most likely to achieve point-of-sale (POS) purchases, but only 35% believe it is the best investment option in cryptocurrency. In fact, 38% chose Ethereum.

As for ICO, 84% of the respondents surveyed by Foley & Lardner believe that this fundraising method should be regulated. At the same time, 86% of respondents said that the encryption industry needs to develop global regulatory standards.

According to the survey results, the encryption industry is also facing other risks. Hacking and security breaches are the most pressing threat to the viability and development of ecosystems. 71% of respondents said that cryptocurrency theft is a high or very high risk.

Regarding the future, 41% of respondents said they believe the market will collapse in the next 12 months, and another 29% believe that this will happen in the next two to five years. In other words, in order to take advantage of the volatility of the market (remember, respondents are mainly executives and investors), nearly 60% of them are willing to take a lot of risks to get income.

Allison Charney, a partner and member of the Foley & Lardner Blockchain Task Force, said of the survey:

"The United States has always had anti-fraud laws for cryptocurrencies, but there are potential vulnerabilities and flaws in this area. Although it is not surprising that concerns about fraud, they show another sign that the industry believes that the overall regulation It’s a good thing.”

Another point worth noting is that respondents believe that the market value of Bitcoin will be overtaken by another digital currency like Ethereum at some point. 45% of respondents said that this is “probable”, but it is judged to be premature; 5% think it will happen within one year, 14% said it will happen within 1 to 2 years, choose 2 to 5 years 18% occurred, 5% chose more than 5 years, and 11% said it would never happen.

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