Crypto research: Ethereum is more popular than Bitcoin
Crypto research: Ethereum is more popular than Bitcoin
Business consultants Foley & Lardner LLP recently conducted a survey into the crypto market. How does the world view the crypto market today, after the tree-and-bust of 2017-2018? As it turns out, Bitcoin and Ethereum are still the most popular crypto coins, the latter being even more popular than the world's largest crypto coin.
A large proportion of the respondents have a preference for more and better regulation, with 84% indicating that ICOs must be subject to federal law. 68% want regulation around the purchase and sale of crypto coins and 55% for the purchase of goods and services.
A vast majority (72%) is in favor of crypto-ETFs. Bitcoin is the crypto coin with the most chance of a broad mainstream acceptance (43%) for Ethereum (17%). But Ethereum is regarded as the best investment opportunity (38%), for Bitcoin (35%).
- Only 5% of respondents see a good investment opportunity in Ripple. Dash and privacy coins like Zcash and Monero get 2%.
Bitcoin will not remain the largest crypto coin
It is also striking that a large proportion of the respondents think that Bitcoin will not remain the largest crypto coin in the world. Only 11% think Bitcoin will remain the largest and 35% is undecided.
But that means that 54% believe that another crypto will pass Bitcoin as the largest crypto coin in the world. Almost 1 in 5 believe that this is possible within 2 to 5 years.
- The study was conducted in the United States with a small group of people. But it does show that it is important to be alert when investing in crypto coins. There is more than just Bitcoin and with ICOs you can better but pay attention for the time being.