Over the past few weeks, a string of surveys has provided an insight into the public’s perception of bitcoin. Japanese; Americans; millennials – all have been grilled regarding the world’s leading digital currency. One group that have yet to speak their piece en masse is institutional traders – until now. A newly released survey sheds light on what investors think of bitcoin and it makes for interesting reading.
Traders are Fascinated by the Bitcoin Rollercoaster
Despite numerous soundbites from Wall Street CEOs, their underlings have remained conspicuously absent from the bitcoin debate. We know what Jamie Dimon and Lloyd Blankfein make of bitcoin, but what about the average institutional trader? Thanks to the efforts of Triad Securities, we now have an answer to that question. Between 6 and 13 November, they spoke to 317 institutional traders in a survey that reveals conflicting views on bitcoin.
When asked whether they had ever bought bitcoin or other cryptocurrencies, 31% said yes, with around half having done so only within the last six months. Another 36% professed to be considering buying bitcoin, 31% ruled it out altogether and, not surprisingly, just 1.5% of respondents confessed to being unfamiliar with bitcoin…