【pros and cons of a prenup】China is Bullish on Cryptocurrencies
This pros and cons of a prenuparticle was originally published on
ETFTrends.com.
Among the primary hurdles faced by cryptocurrencies, including bitcoin, are adoption trends and reluctance of long-term investors to embrace the asset class. Chinese investors could change that.
Among the issues plaguing bitcoin this year are the ongoing unwillingness of U.S. regulators to approve bitcoin-related exchange traded funds as well as data indicating that mainstream acceptance and adoption of the digital currency are declining.
“A remarkable 82.81 percent of Chinese polled think buying cryptocurrencies is a trendy investment and 40 percent say they would like to invest in cryptos in the future despite the current bearish market, a survey by a local crypto news media PANews found,”
reports 8BTC.
Other data points from the survey augur well for digital assets in China.
“As per the survey, 98.22 percent of respondents have heard of at least one concept related to cryptocurrency or blockchain, with 50 percent saying they have heard of cryptocurrency, digital currency or bitcoin, and 42.3 percent saying they’ve heard of blockchain. While token is less known for them, only accounting for 22.2 percent,” according to 8BTC.
What's Next
Momentum plays an important role in when to buy bitcoin, but what may be surprising is that buying the cryptocurrency after it has experienced big rallies can be a winning strategy. Some crypto market observers believe the long-term outlook remains encouraging for the largest digital currency. However, this has been a brutal for the broader market cryptocurrency space in terms of lost market value.
An interesting point from the China survey is that many investors are more familiar with the broader crypto universe than bitcoin itself. Bitcoin is the largest digital currency by market value.
“It is notable that more people heard of cryptocurrency than bitcoin. Partly because it is better known as an investment product,” notes 8BTC. “According to the survey result, 14.24 percent of the respondents have invested in cryptocurrencies, among which, investors with little knowledge of crypto and those who only know bitcoin account for 20.07%; nearly half of the remaining 80% know mainstream cryptos like ETH and EOS, and the rest half say they are also acquainted with altcoins.”
For more information on the cryptocurrency market, visit the
Bitcoin category
.
POPULAR ARTICLES AND RESOURCES FROM ETFTRENDS.COM
SPY ETF Quote
VOO ETF Quote
QQQ ETF Quote
VTI ETF Quote
JNUG ETF Quote
Top 34 Gold ETFs
Top 34 Oil ETFs
Top 57 Financials ETFs
Markets Close Out 2018 in the Green as Dow Gains Over 250 Points
Natural Gas ETFs Gap Lower on Milder Week-End Temperatures
Opportunities Abound in 2019 Following a Stormy 2018
Five Questions: Behavior in Investing With Dr. Daniel Crosby
ETF Investors Sift Through the Wreckage for 2019 Plays
READ MORE AT ETFTRENDS.COM >
View comments
(责任编辑:Fashion)
- TUI Will Cut Budgets, Freeze Hiring to Deal With Coronavirus Spread
- Coronavirus spread in Canada is slowing - Public Health Agency
- Wall Street falls as coronavirus shreds U.S. payrolls
- Exclusive: Germany ready to nationalise airline Condor - sources
- Has Canadian Pacific Railway (CP) Outpaced Other Transportation Stocks This Year?
- Merck (MRK) Stock Moves -0.81%: What You Should Know
- Toll Brothers Makes Wedbush's Best Ideas List: Here's Why
- Insider Buying: The Domino's Pizza Group plc (LON:DOM) CEO & Director Just Bought UK£201k Worth Of Shares
- Best & Worst Performing Stocks in Coronavirus Outbreak
- INSIGHT-The religious retreat that sparked India's major coronavirus manhunt
- Teleste's financial reporting and Annual General Meeting in 2021
- GOLO Mobile Inc. Retains Market Maker
- Is Innovative Industrial Properties (IIPR) Stock Outpacing Its Finance Peers This Year?
-
Is Focus Financial Partners (FOCS) a Great Growth Stock?
Growth stocks can be some of the most exciting picks in the market, as these high-flyers can captiva ...[详细] -
Calculating The Fair Value Of Motorola Solutions, Inc. (NYSE:MSI)
Today we will run through one way of estimating the intrinsic value of Motorola Solutions, Inc. (NYS ...[详细] -
What's in Store for Ambarella (AMBA) This Earnings Season?
Ambarella, Inc.AMBA is slated to release first-quarter fiscal 2021 results on Jun 2.For the fiscal f ...[详细] -
Dundee Corporation Declares Quarterly First Preference Shares, Series 2 Dividend
TORONTO, June 03, 2020 (GLOBE NEWSWIRE) --Dundee Corporation(TSX:DC.PR.B) (“Dundee”) announced today ...[详细] -
The New America High Income Fund, Inc. Declares Dividend
BOSTON, Nov. 02, 2020 (GLOBE NEWSWIRE) -- The New America High Income Fund, Inc. (the “Fund”) (NYSE: ...[详细] -
Dublin, May 05, 2020 (GLOBE NEWSWIRE) -- The"Plasma Protein Therapeutics Market - Growth, Trends, an ...[详细]
-
AP Top Extended Financial Headlines at 9:52 p.m. EST
Wall Street closed out a dismal, turbulent year for stocks on a bright note Monday, but still finish ...[详细] -
Does Market Volatility Impact Axovant Gene Therapies Ltd.'s (NASDAQ:AXGT) Share Price?
If you're interested in Axovant Gene Therapies Ltd. (NASDAQ:AXGT), then you might want to consider i ...[详细] -
CaptionCall Supports “Military Makeover with Montel”
New season renovates home for a U.S. Marine veteran and familySALT LAKE CITY, Nov. 05, 2020 (GLOBE N ...[详细] -
More drugmakers hike U.S. prices as new year begins
By Michael ErmanNEW YORK (Reuters) - Drugmakers including Bristol-Myers Squibb Co , Gilead Sciences ...[详细]
- National Retail Properties (NNN) Misses Q3 FFO and Revenue Estimates
- Are Options Traders Betting on a Big Move in Penn National (PENN) Stock?
- Domino's Pizza (DPZ) is an Incredible Growth Stock: 3 Reasons Why
- Warren Buffett: Know When to Cut Your Losses
- ZoomInfo IPO: What You Need To Know
- Aptose to Hold Corporate Update Sunday, December 6th
- Bill.com Holdings Inc (BILL) President and CEO Rene A. Lacerte Sold $1.2 million of Shares