Cryptocurrencies seem to be slowly shedding their image as an asset class for speculators.
According to a new survey by Huobi, 45% of all investors want to hold their crypto assets for more than a year, with 12.5% even wanting to wait more than four years before siphoning off a profit on their investment.
This is a clear counter-argument to the widespread thesis that most crypto traders are only after the “fast market”
When asked which cryptocurrency they have held the longest so far, 69% of investors answered Bitcoin ( BTC ). Although the majority of respondents are in the age group between 26 and 50, the majority of these investors have less than three years of overall experience with investment products.
It’s important to note that more than half of the respondents have an annual income of $ 10,000 or less due to the fact that the survey was conducted in developing and emerging countries. Against this background, such an annual income should not necessarily be assessed as low.
In addition, only 491 people were questioned, so the sample could possibly be too small to allow reliable conclusions
Nonetheless, the perception of cryptocurrencies seems to be slowly changing from a short-term asset class for speculators to a legitimate financial product for long-term investors.