That survey, conducted by securities trading platform SharesPost in July and eliciting responses from 2,490 retail investors and 528 accredited investors, found that current cryptocurrency owners remain highly-bullish on the nascent asset class, though they now expect mainstream adoption to take longer than they had when asked earlier in the year.
Respondents in both groups now expect cryptocurrency to achieve widespread adoption in 2025, whereas in January — when bitcoin and most altcoins were trading at or near their all-time highs — they forecast that this would occur in 2020. They fingered lack of education and commercial use cases as one of the most pressing challenges for blockchain adoption.
This muted forecast dealt a moderate blow to short-term outlooks among accredited investors, and respondents in this group are less likely than in January to expect cryptocurrency prices to rise or plan to purchase more coins within the next 12 months. Nevertheless, a majority (59 percent) still plan to increase their holdings over the next year, and 57 percent expect prices to rise by next July.