Blockchain investment firm Newtown Partners has launched its first Crypto Trader Benchmarking Study. The goal of the study is to learn more about cryptocurrency traders – who they are, how they behave and what drives them.
Llew Claasen, managing partner of Newtown Partners, says he hopes the study will contribute to a better understanding of the key players in the industry who are driving the market.
“Despite the recent proliferation of exchanges and their vital role in the success of this new industry, the industry itself doesn’t know much about cryptocurrency traders. We don’t know how to describe this sector, how big it is, or what traders care about. The one thing that differentiates cryptocurrency from other asset classes is liquidity, and yet we don’t know who traders are or how they provide liquidity,” reads the company’s statement.
Sample Survey Questions
How would you describe yourself, as a crypto asset trader?
How often do you trade crypto assets?
What traditional assets have you invested in?
Claasen, who is also the executive director of the Bitcoin Foundation, predicted in February that Bitcoin will rebound and reach $40,000 sometime this year, but that 90% of altcoins will fail. Speaking at the Startup Grind conference in San Francisco earlier this year, he described Bitcoin’s path to new highs as volatile with continuous cycles of boom and bust.
Although Bitcoin has fallen from its all-time high of $20,000 before losing 70% of its value, Bitcoin loyalists and crypto traders continue to believe that the plunge in price is the normal course of action for Bitcoin, a new technology that needs time to evolve.
The survey organizers expect that participants will help give a comprehensive overview of how traders interface with the markets, and that the data will help exchanges improve their platforms.
The data will be published and presented in aggregate form without the disclosure of individual data. If you’re interested in participating in the study, you can fill out the survey here.