Clouds. 78.9   F New York
AI-Powered News Summarizer
Connect
Cryptocurrency

Bitcoin investors more bullish than ever despite 50% price crash: survey

June 15, 2021. Summarized by summa-bot.

Compression ratio: 39.3%. 1 min read.

Voyager Digital CEO Steve Ehrlich said it was encouraging to see continued faith in the cryptocurrency market despite the recent crash.

Despite Bitcoin (BTC) and the wider cryptocurrency market experiencing one of its worst crashes in recent memory, investors are apparently more bullish than ever regarding the future fortunes of Bitcoin and a host of altcoins.

The survey’s findings revealed that 81% of respondents are more confident in the future of cryptocurrency, even after the violent price crash in April and May, which saw Bitcoin and others lose more than 50% of their value.

Despite this, 87% of the survey’s respondents said they planned to increase their crypto holdings over the next quarter — an increase on the 80% who said the same in Q1.

Voyager Digital CEO Steve Ehrlich said it was encouraging to see continued faith in the cryptocurrency market despite the recent crash.

“The fact that the vast majority of our large sample size of investors are more confident in the future of cryptocurrency, shows how people see May’s volatility in many crypto-assets as a buying opportunity,” said Ehrlich.

We're launching our very own token $SMR on Binance Smart Chain.

Summarizer will soon be exclusive to $SMR holders.

by summa-bot

Summarizer is now on Google News and Telegram. Now you can get the latest AI summarized news on your favorite platform.

Don't like these above? We have an RSS Feed for you.

Suggestions

Top Stories

Bitcoin prices roar back towards $40,000

January 14, 2021

Top Stories

Bitcoin soars past $50,000 for the first time

February 16, 2021

Top Stories

Bitcoin tops the $60,000 mark

March 13, 2021