Binance survey: BTC dominance could reach 80% by 2020

Recently Binance Research released their "Institutional Market Insights - Q2 2019" and with it came some interesting information about the current views of investors as well as their demographics. One notable result showed that as much as 30% of investors felt that by 2020 Bitcoin may reach an 80% dominance level, though around half felt it would at least maintain 50%.
Binance survey: BTC dominance could reach 80% by 2020
Although 50% of those polled felt Bitcoin would end 2019 in the 40-60% range, another 30% felt that 60-80% was likely and even another 5% of bold believers felt that Bitcoin could rise above 80%. This result is interesting unto itself, but the report reveals a few more interetiing tidbits about the polled investors.
For one, around half of them have been involved in crypto for less than 3 years:
To be fair, crypto is pretty young, and over 70% had 3 or more years prior experience in traditional finance:
One other interesting fact is where many of these investors keep their crypto. While over 80% do keep some crypto stored on exchanges (not that surprising assuming many are actively trading), it is optimistic to see that upwards of 60% are utilizing cold storage as well. 
Overalll, the report has a lot of good information and is well worth a look over. Still, it is interesting to see snapshots of the mentality many investors have currently. Will these numbers change as the market evolves? Stick with Chepicap for all updates!

Binance survey: BTC dominance could reach 80% by 2020 Binance survey: BTC dominance could reach 80% by 2020 Reviewed by Chaudhry on June 28, 2019 Rating: 5