According to the results of a survey conducted by CryptoVantage, nearly 50% of American investors believe that Ether (ETH) is the cryptocurrency with the best change to surpass the value of Bitcoin (BTC), with 21% expecting Dogecoin to triumph.
Here are the other three key findings from the survey:
- 70% expect Bitcoin to return to its all-time highs within the next five years.
- 54% believe that global inflation will drive people towards investing in cryptocurrency.
- 21% think that SEC suing Binance and Coinbase will negatively impact the future value of crypto.
CryptoVantage’s survey polled 1,000 Americans who purchased cryptocurrency in the past five years, and the survey was particularly focused on uncovering the major factors which tend to encourage crypto investment.
Among the other survey findings was that 23% of polled participants expect Bitcoin to return to all-time highs within the next year, while 47% of them believe that it this shall happen within the next 5 years.
The survey also found the investors’ perspective on what could be the main factors which influences the price of cryptocurrencies.
According to the findings:
- 66.8% believe supply and demand is the most influential factor
- 58.1% point to global financial trends
- 41.6% are towards technological advancements
- 37.1% believe in the influence of media coverage/news
- 36% cite regulatory and policy decisions as the most impactful factor
- 28.8% have technical analysis as the largest market influencer
- 21.1% believe that political discourse influences crypto prices the most
Sources:
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