Huobi Report: Investors Still Bullish On Cryptocurrency
The new Huobi Industry Data shows a lot of positive mood among digital currency investors. During April over one in three respondents wait for substantial increase in total cryptocurrency space. Less than one in three expects a slump, whereas they feel a slight decrease is also a possibility. Yet the investors wait for a slight increase will exceed the intentions expecting a decrease. But still about 10% from all expectations remain the same.
The cryptocurency growth in a short-term is always a subject to a speculation. It remains to be seen whether that vision will come true, while there are so many positive waitings from people due to the improvement of the market. It will be interesting to see if they will be proven wrong when everything is said and done, as there is over 55% of holders expecting the market will grow up.
However, the majority of cryptocurrency fans couldn’t care less about short-term changes. It is important to keep the bigger picture in mind at all times in this business. For Bitcoin and other cryptocurrencies, the overall bullish uptrend is still firmly in place, even though things may look pretty worrisome right now. The report of Huobi seems to repeat the reality.
Most investors expect to see an increase of some sort over the next 6 months. Approximately 78% of the survey’s respondents indicated their belief that the industry’s total market cap will increase. The report says that most people expect major growth in the total market cap over the next three years. It appears to reflect some experts predictions this year, though eaching specific targets may prove rather challenging.
It is obvious, that the current market conditions warrant cautious optimism at best. Still there exists a fair amount of volatility to contend with. It will take time to see any common improvements in the overall market space. But in any case, when looking at the long-term outlook, there is no reason to think the bears will remain in control for much longer.