Bitcoin (BTC) has been leading the race in the cryptocurrency market, as it keeps attracting more suitors in its quest of winning the hearts of trusted investors towards its global adoption.
At press time, Bitcoin (BTC) is trading relatively at $5,800 against US dollars, gaining about $330 within 24 hours. This rate of price surge, if consistent, is enough to make in-house investors smile, and bring more notable individuals and businesses to plunge in and invest.
A recent survey conducted by a breaking news website, Value Walk, revealed the opinions of investors and potential investors about their preferred digital assets. The survey result favoured Bitcoin (BTC) tremendously as about 47 percent of the respondents preferred Bitcoin (BTC) to other cryptocurrencies.
While Bitcoin (BTC) dominated the choice of individuals, about 31 percent threw their weights behind Ethereum (ETH), and 21 percent chose Ripple’ XRP as a preferred asset to any other digital currency.
About 52 percent of individuals that responded to the survey claimed that they have performed one or two transactions with digital currencies in the past one year, such as paying for goods and services, investment or business activities. The same survey also claimed that the end to cryptocurrency winter will come sooner than expected.
Another important question asked during the survey is about the best and preferable crypto exchange. 71.3 percent of the respondents chose Binance, 15.5 percent supported Coinbase while the rest went for Bittrex.
Why Crypto trusted Investors Prefer Bitcoin (BTC) to other Digital Assets
Crypto Enthusiasts like John McAfee, Tim Drapper and some other crypto whales are obvious Bitcoin (BTC) investors. This can be perceived from their incessant and outrageous BTC price predictions. The crypto whales must have studied the exposure of Bitcoin (BTC) over the years before making their relatively impossible predictions.
If Bitcoin (BTC) maintains its present surge in price and progress in crypto market geometrically, any price predicted that seems impossible would prove otherwise sooner than later. The recent growth of Bitcoin (BTC) price is enough for investors to prefer it to any other cryptocurrency in the crypto sphere.
Tom Lee Remains Optimistic About The Continuous Growth Of Bitcoin (BTC) Price
Tom Lee, the head of research at Fundstrat Global Advisors, also revealed his optimistic stance about the consistency Bitcoin (BTC)’s growth.
Lee joined crypto enthusiasts such as John McAfee as he recently predicted a hallmark price for Bitcoin (BTC) by 2020. Although he didn’t actualize the possible price, but he itemized a number of signs to support his claim.
In conclusion, the rate at which individuals, reputable businesses of the world and institutions are exposed to cryptocurrencies, especially Bitcoin (BTC), would pave way for its global adoption rather than hurting its reputation.