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A new poll conducted by digital asset investment firm CoinShares shows close to half of investors believe a single crypto asset now has the highest upside potential – and it’s not Bitcoin (BTC).
According to the survey, 42% of investors view Ethereum (ETH) as the most attractive crypto asset based on potential growth, beating Bitcoin by 24 percentage points.
CoinShares says that year-to-date, Ethereum’s market share of crypto assets under management has grown by 15 percentage points.
“42% of investors see Ethereum as having the most compelling growth outlook and by a significant margin, outstripping Bitcoin at 18%.
This mirrors the growth in assets under management (AuM) we have seen in Ethereum, where market share of investment products has risen from 11% at the beginning of the year to 26% today.”
After Bitcoin, investors say they’re most bullish on Cardano (ADA), Polkadot (DOT), Solana (SOL), Terra (LUNA), Radix (XRD), and XRP (XRP).
The survey says that about a third of all investors put their money in crypto assets for speculative purposes, while a quarter seek to diversify their portfolio.
One of the major reasons preventing investors from putting their money into crypto assets is regulatory uncertainty.
“Of the survey respondents who said they had not invested, regulation (21%) was cited as the main reason for not investing. Closely linked to this were corporate restrictions at 19%.”
The major risks, according to the CoinShares survey, include government bans and regulations.
“Politics, government bans, and regulation make up 58% of the perceived key risks for digital assets.”
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Liu zishan/Vladimir Sazonov
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