A recent poll of Americans by LendEdu shows that 74.6% of Bitcoin investors plan to buy more Bitcoin in 2018. The bullish sentiment mirrors Bitcoin’s huge gains in 2017 when it rose over 1,700%. The S&P 500 rose roughly 19% during the same period.
The survey results also reveal that 76.99% of respondents believe Bitcoin’s return on investment in 2018 will exceed its high-flying performance of last year.
Current Bitcoin investors are split on how they intend to treat their positions. 31.5% plan to sell, 40% plan to hold and 28.5% are undecided.
A whopping 50.8% of respondents expect to use Bitcoin in 2018 to make at least one purchase, despite a majority believing Bitcoin will have a higher annual return on investment. Only 19.82% of respondents intend to hold on to the asset without making any purchases.
Regarding government regulation of Bitcoin, respondents were also split, with 30.27% wanting the government to play a stronger role, 49.73% rejecting government regulation, and 20% remaining undecided.
The lack of consensus among the 565 American participants, aged 18 and over, and the ongoing lack of government regulation in the markets underscore market volatility, price inefficiencies and a general uncertainty about Bitcoin’s long-term future.Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
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