RATE Group | Despite Volatility, Nearly Half of Financial Professionals Believe Bitcoin Will Outperfo…
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Despite Volatility, Nearly Half of Financial Professionals Believe Bitcoin Will Outperfo…

06 Nov Despite Volatility, Nearly Half of Financial Professionals Believe Bitcoin Will Outperfo…

Posted at 15:11h in Bitcoin News by

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NEW YORK, Nov. 6, 2019 /PRNewswire/ — Despite its volatile nature, nearly half of financial professionals believe Bitcoin will be the investment class with the highest growth rate over the next 12 months according to a recent survey conducted by Chainalysis, the blockchain analysis company. Chainalysis polled 350 finance professionals including executives from banks, credit unions, financial services providers, and regulatory agencies at the ACAMS 19th Annual AML & Financial Crime Conference.

Following the 48% of financial professionals that chose Bitcoin, one-third of survey respondents said equities (S&P 500) would be the investment class with the highest year-over-year growth, followed by fixed income (Bloomberg Barclays Bond Index) and the House Pricing Index (HPI) at 13% and 5%, respectively.

The Gap Between Perception and Reality

Despite recognizing the value in cryptocurrency, more than three-fourths (78%) of financial professionals said less than half of their…

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