Lark Davis Survey: Crypto Bull Run Not Over, Just Correction
CoinEdition
Published Mar 02, 2021 01:11AM ET
Updated Mar 02, 2021 01:30AM ET
Lark Davis Survey: Crypto Bull Run Not Over, Just Correction
- A majority of respondents to Lark Davis’ Twitter survey say that the crypto bull run is not over.
- The 2021 surge is due to rising institutional interest in cryptocurrencies.
- Americans believe cryptocurrency is a safe investment.
Crypto analyst Lark Davis held a Twitter survey, asking the Twitterverse whether the crypto bull run is over, or if it is just a correction. According to the results, most people believe the latter.
Specifically, over 70% of the respondents voted for the “No, just a correction” option. In addition, only 12% of Twitter users voted for “Yes, all over.”
Do you think this bull run is over? #bitcoin #crypto— Lark Davis (@TheCryptoLark) February 28, 2021
According to another tweet, Davis himself believes that the crypto market is just experiencing a correction.
Moreover, the crypto bull run of 2021 is different from other bull rallies. While the earlier rally had hugely been driven by individual investors and whales. More so, the 2021 surge is also due to rising institutional interest in cryptocurrencies.
According to Google (NASDAQ:GOOGL) Trends, the worldwide cryptocurrency interest in 2021 has been increasing compared with the previous year.
Google Trends)
Even more, the increased crypto interest indicates that digital currencies might finally receive mainstream acceptance. Significantly, this brings more cryptocurrency adoption in the near future.
Aside from cryptocurrencies, blockchain technology itself found a huge rise in popularity in 2021. In fact, many industries expressed their interest in finding applications for the technology to enhance business operations.
Likewise, a recent study has found that most of the American believe cryptocurrency is a safe investment. Furthermore, 25% already hold crypto, while another 27% say they plan to invest this year.
This article first published on Lark Davis Survey: Crypto Bull Run Not Over, Just Correction
Continue reading on CoinQuora
Get The News You Want
Written By: CoinEdition
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.