Most Cryptocurrency Holders Intend to Continue Holding Despite Market Fluctuations

03/01/2023 11:06 • AI Insights • 87 views

On March 1, according to a survey conducted by Zero Accel, a Tokyo media company, in January this year, 82.7% of the surveyed cryptocurrency holders said they intended to continue to hold them in the future. More than 70% of people said that Bitcoin was their favorite currency, while the rest said that Ethereum was their choice. In addition, cryptocurrency holders said that when choosing to invest in a cryptocurrency, reputation and future prospects are key factors, while the current market value is not so important to them. （Cryptonews）

Survey: 83% of Japanese cryptocurrency investors surveyed said they would continue to hold

Analysis based on this information:

According to a recent survey conducted by Zero Accel, a Tokyo media company, the majority of cryptocurrency holders intend to continue holding their digital assets in the future. The survey, which was conducted in January, found that 82.7% of respondents said they intended to hold onto their cryptocurrencies, despite the current market volatility.

The survey also revealed that Bitcoin remained the favorite currency among cryptocurrency holders, with over 70% of those surveyed choosing it as their preferred currency. Ethereum was the second most popular choice. However, the survey did not provide further insight into why respondents preferred one cryptocurrency over another.

Interestingly, the survey found that reputation and future prospects were the key factors for holders when choosing which cryptocurrency to invest in. This is not surprising, as cryptocurrency is a highly speculative market that relies heavily on investor trust and sentiment.

On the other hand, the survey found that current market value was not as important to cryptocurrency holders when making investment decisions. This suggests that investors are looking beyond short-term market fluctuations and are more focused on the long-term potential of their investments.

These findings are significant, as they suggest that despite the highly volatile nature of the cryptocurrency market, many investors are committed to holding onto their digital assets for the long term. This could bode well for the future of cryptocurrency, as it indicates that there is significant investor interest and confidence in the market.

In conclusion, the Zero Accel survey indicates that the majority of cryptocurrency holders are in it for the long haul, with Bitcoin being the preferred currency of choice. Reputation and future prospects are important factors when making investment decisions, while current market value is of lesser importance. This could be a positive sign for the future of cryptocurrency, as it suggests that investors are looking beyond short-term market fluctuations and are committed to the long-term potential of their investments.

This article and pictures are from the Internet and do not represent aiwaka's position. If you infringe, please contact us to delete:https://www.aiwaka.com/2023/03/01/most-cryptocurrency-holders-intend-to-continue-holding-despite-market-fluctuations/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Most Cryptocurrency Holders Intend to Continue Holding Despite Market Fluctuations

Survey: 83% of Japanese cryptocurrency investors surveyed said they would continue to hold

Recommended articles