Third of financial professionals believe that crypto-currencies will never stabilise

by | Apr 12, 2018

Share this article

New figures for a major report suggest that one in five people in the UK who have never owned any crypto-currencies would consider buying some over the next three years, even though a third of  financial professionals believe that crypto-currencies will never stabilise.

Around 19% of financial professionals interviewed believe that crypto-currencies will stabilise within the next three years, 22% believe it will happen between four and five years from now and 30% think it will take longer than this.

The figures came from a research report put together by international communications agency Citigate Dewe Rogerson called ‘Investor Perception: Crypto-Currencies’.

They also threw up a number of other key findings, including:

  • of those people who have no plan to buy or invest in crypto-currencies, 67% said it’s because they are too risky or volatile. This is followed by 61% who said they don’t know enough about them, and 43% who said there is not enough regulation to protect investors;
  • some 16% said it was because they don’t know where to buy or trade them, and 10% said there are too many crypto-currencies to choose from and don’t know which ones to go for.

Separate research with financial professionals revealed that 73% anticipate that between now and 2020, there will be more regulation introduced around crypto-currencies protecting investors.

Executive Director at Citigate Dewe Rogerson Phil Anderson said:  “Our research shows that many investors are tempted to dip their toe into the crypto-currency marketplace, but there are a number of obstacles preventing them from doing this.

“However, many of the obstacles to crypto-currency investment will be addressed in the coming months and years. Assuming valuations continue to rise, many more investors will be attracted to this market.”

Share this article

Related articles

Rising investor opportunities on the path to net zero

Rising investor opportunities on the path to net zero

Investments in green energy crucial for the net-zero transition Rise in climate-themed equity funds since the Paris Agreement Sustainable debt finance such as green bonds highly effective COP27 should accelerate investments in asset classes that can help the climate...

Trending articles