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.”