We all made a huge mistake, every single one of us, a mistake that would forever color our lives with pity and regret. The tragic slip, was that we didn’t buy Bitcoin in 2010, or 2011 or even 2020. When one reflects upon their past, Bitcoin haunts them as a possible life changing decision. Honestly, I personally need therapy sometimes. And that is why the crypto holders are more loyal than ever to Bitcoin and other cryptocurrencies. That is why all those terrible and cringy super bowl ads made their way to the big screen. We missed our chance but there will be another one, or at least we hope so.
A new study by Deutsche Bank reveals that a majority of crypto holders wouldn’t sell assets in case of an 80% market crash. So, if Justin Trudeau hasn’t blocked your bank account or Vladimir Putin isn’t trying to invade your country, continue reading about what crypto holders would do in case of a crash.
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Crypto Holders Want Stonks!
As part of an online survey, the Deutsche Bank conducted the “The Future of Cryptocurrencies” study. The results? Most investors are bullish on crypto and most of them are men.
According to the study, more than half of the crypto holders stated that they would continue holding in case of a massive market crash. In fact, they wouldn’t be willing to at least reduce their assets. Thus, the others said that they would either leave the market completely or reduce their holdings. Bear in mind that the presumed market crash in this case is at least an 80% drop in value.
Basically, out of 3,250 customers in December, 680 of them had already made investments in cryptocurrencies. And wouldn’t you know it, 65% of crypto holders had entered the market in the past 12 months. Interestingly, when asked about their primary motivation, 66% said that they were in it for the money. On the other hand, the other 34% stated that they were only curious or trying to diversify and absolutely hated making money (last part is not true).
In terms of outlook, a quarter of crypto holders expected Bitcoin to trade over $110,000 in five years. And, over 70% are planning to put more time and capital into crypto. However, the majority of the survey subjects had made small investment into crypto. Statistically, 61% of investors had less than $10,000 and 38% had less than $1,000.
Men lead the way, when it comes to crypto. 29% of males in the study were active investors in crypto while only 14% of females had made investments. Generally speaking, men are more bullish on crypto according to the data.
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