2018 Crypto Survey Highlights Top Picks: Ethereum, Bitcoin, Ripple, Dash, Zcash, Monero

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A new cryptocurrency consult by general law firm Foley Lardner reveals that Ethereum is the number one cryptocurrency collect for investors, according to consult respondents.

The consult covers questions about regulations, investments, the odds of a crash, ICOs and remuneration methods.

“It’s engaging that the number of respondents who preference some grade of sovereign law is so high,” says Kathryn Trkla, partner and member of Foley’s Blockchain Task Force. “The reasons expected vary, but one might be a approval that the decentralized platforms on which cryptocurrencies are traded or eliminated are not self-contained silos. When a cryptocurrency is exchanged for USD or another fiat currency, or eliminated as remuneration for receipt of a good or service, the transaction will expected engage use of existing, regulated financial marketplace infrastructure.”

Key highlights from the survey

In your opinion, which cryptocurrency provides the best investment opportunity?

  • Ethereum – 38%
  • Bitcoin – 35%
  • Ripple – 5%
  • Dash – 2%
  • Zcash/Monero – 2%
  • None – 9%

In your opinion, which cryptocurrency has, or will expected gain, the most extended acceptance for use in creation payments for products and services?

  • Bitcoin – 43%
  • Ethereum – 17%
  • Ripple – 10%
  • Dash – 5%
  • Zcash/Monero – 2%
  • None – 12%

Do you think Bitcoin’s market cap will be surpassed by another cryptocurrency?

  • It’s possible, but it’s too early to tell  – 35%
  • Yes, within 1 year  – 5%
  • Yes, within 1 to 2 years  – 14%
  • Yes, within 2 to 5 years – 18%
  • Yes, in over 5 years – 5%
  • Yes, but we don’t know when – 12%
  • Never – 11%

Do you expect a cryptocurrency “crash” or “bubble burst”?

  • Yes, in the subsequent 12 months – 41%
  • Yes, within 2-5 years – 29%
  • Yes, in over 5 years – 4%
  • No – 27%

Are you peaceful to take on authorised risk in posterior your investment in cryptocurrency or your growth of a cryptocurrency business as disrupters have finished in other industries (e.g., Uber)?

  • Yes – 58%
  • No – 42%

In your opinion, should sovereigns or executive banks emanate their possess cryptocurrencies?

  • Yes – 25%
  • No – 58%
  • No opinion – 17%

In your opinion, should investors be authorised to invest in exchange-traded supports (ETFs) holding cryptocurrencies?

  • Yes, for Bitcoin and others – 69%
  • Yes, for Bitcoin but not others – 3%
  • No – 19%
  • No opinion – 9%

What form of cryptocurrency validation process do you think has the biggest long-term sustainability?

  • Validating exchange around mining (i.e., explanation of work) – 28%
  • Validating exchange around holding a certain number of coins (i.e., explanation of stake) – 28%
  • Validating exchange around your temperament and repute (i.e., explanation of authority) – 14%
  • Don’t have an opinion – 26%

Do you think initial offerings of cryptocurrencies should be regulated in the US?

  • Yes, by the U.S. sovereign government – 70%
  • Yes, as dynamic by particular states – 2%
  • Yes, at both the sovereign state levels – 12%
  • No – 16%

Do you think ongoing purchases and sales of cryptocurrencies should be regulated in the US?

  • Yes, by the U.S. sovereign supervision – 57%
  • Yes, as dynamic by particular states – 2%
  • Yes, at both – 9%
  • No the sovereign and state levels – 32%

Do you think use of a cryptocurrency as a means to compensate for products and services should be regulated in the US?

  • Yes, by the U.S. sovereign government – 37%
  • Yes, as dynamic by particular states – 7%
  • Yes, at both the sovereign and state levels – 11%
  • No – 46%

Do you think the attention should rise common intentional standards?

  • Yes – 86%
  • No – 14%

If you think cryptocurrency activities should be theme to regulatory oversight, which of the following do you think US regulators should be doing? Check each you determine with.

  • Continue to move rascal cases – this will stop the bad actors – 75%
  • Create commissions and/or charge army to better know the technology/market before enacting regulations – 57%
  • Move fast to yield authorised certainty for last when a cryptocurrency is a confidence and when it is not – 51%
  • Let the record rise and play out in the marketplace before intervening, but keep an eye on what is going on – 51%
  • Embrace “regulatory sandboxes” needing investigation with new products and record but the full weight of regulation – 49%
  • Move fast to adopt regulations – 19%

Respondents were surveyed in Mar and Apr of 2018.

They totaled 62 professionals who hold executive titles or identified as investors or traders. Primarily formed in the US, they ranged in age from their 20s to 50 and comparison and enclosed investors (30%), business executives (26%), lawyers (17%), consultants (9%), traders (5%), engineer/developers (5%) and other professionals (8%).

Disclaimer: Opinions voiced at The Daily Hodl are not investment advice. Investors should do their due industry before creation any high-risk investments in Bitcoin or cryptocurrency. Your transfers and trades are at your possess risk. Any loses you might catch are your responsibility. Please note that The Daily Hodl also participates in associate selling programs.

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Article source: https://dailyhodl.com/2018/06/27/2018-crypto-survey-highlights-top-picks-ethereum-bitcoin-ripple-dash-zcash-monero/