Gemini: 55% of Investors Remain Optimistic About Bitcoin and Ethereum

 Investors Maintain Confidence in BTC and ETH

On September 10, international exchange platform Gemini released its 2024 Global Crypto Outlook report, revealing that investors continue to trust in the potential of Bitcoin (BTC) and Ethereum (ETH). This report is based on a survey of 6,000 adults from the United States, the UK, France, Singapore, and Turkey.

The data shows that sentiment around cryptocurrency remains positive, both among current and former owners. 57% of respondents feel confident about integrating digital assets into their investment portfolios. Notably, 27% of individuals who have previously owned crypto expressed optimism, indicating a possibility of their return to the market. Additionally, 62.5% of investors believe BTC and ETH prices will continue to rise over the next five years.

Moreover, 55% of current crypto owners are more optimistic about the market's future compared to before the 2022 crypto winter. The majority of surveyed investors also maintain a positive outlook on the increasing adoption of cryptocurrency, with 60.2% predicting that more companies will accept BTC, ETH, and stablecoins for payments within the next decade.

Over the past two years, cryptocurrency ownership rates have remained steady in the US, UK, and France. However, the proportion of those who have owned crypto in the past has risen this year, showing that ownership peaked before the market downturn.

The survey also indicates that unclear regulations remain a significant barrier for potential investors, with 38% of respondents in the US and UK citing regulatory concerns as their reason for not investing in crypto. Despite this, many former crypto owners are optimistic about returning to the market, with over 70% of them saying they are likely to purchase crypto again within the next year, despite having exited during the market's downturn.