Survey Says: Institutions Favor Bitcoin (BTC) While Crypto Twitter Prefers Ripple and XRP, With Ethereum and EOS Ranking
The results of a new cryptocurrency survey by Fundstrat are in: Bitcoin is the institutional favorite while Ripple and XRP is the favorite on crypto Twitter.
Fundstrat conducted two separate surveys. One was a 10-question survey given to 25 institutions and the other was a Twitter survey of 6 questions with 9,500 responses.
Interestingly, institutions are more bullish on the price of Bitcoin for 2019, with 54% saying BTC has bottomed, with 44% of Twitter voters taking the same stance.
When asked which will be the highest performing token of 2019, the institutions chose BTC by a landslide 59%. EOS followed at 18%, while Ethereum was third at 8%. When the same question was put to the Twitter crowd, 46% chose XRP as the top performer, followed by BTC at 31%, Ethereum at 15%, and EOS at 8%.
XRP also was the most polarizing token of the survey. When asked which coin’s investment thesis makes the least sense, the institutions chose XRP at 28%, followed by BTC at 17%. When asked the same question, the Twitter voters chose TRON at 32%, followed by XRP at 31%. BTC came in at 17%.
Both institutions and Twitter voters believe that Bitcoin has already bottomed out. Both also chose central banks as the most important macro factor influencing crypto, followed by emerging markets, geopolitical tension and, finally, the US dollar.
You can download the full report here.