Cryptocurrencies Overcame Gold

Despite the total cryptocurrency market capitalization, which declined significantly during March 2-9 of this year, interest in investing in digital assets is growing.

According to data published by RNS with reference to the report of the consulting agency Knight Frank, the ratings of cryptocurrency assets exceeded the ratings of gold and bonds. By comparison, according to the figures given, cryptocurrencies get 16% of investors’ interest, while gold received 15% and bonds got only 6%.

It is also noted that in December last year, a survey was conducted among depositors in cryptocurrencies. The vast majority of investors were confident that 2018 will show much greater profits for every dollar invested in cryptocurrency.

And if the US interest in cryptocurrencies is still at a high level, then on the territory of Russia and the CIS countries, the initial excitement has noticeably faded. As of December, more than half of the people showing interest in cryptocurrencies are no longer making deposits in “digital gold”.

A special impact is made by incidents happening in the cryptocurrency world – for example, the hacking of popular sites, thefts, and extortions associated with cryptocurrency create the bad reputation of the industry. It’s still a question whether there will be any interest in investing in cryptocurrency and whether it will grow.

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