{"id":12769,"date":"2021-10-02T10:54:10","date_gmt":"2021-10-02T10:54:10","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/study-findings-show-83-7-of-luno-users-are-bullish-on-bitcoins-resurgence\/"},"modified":"2021-10-02T10:54:10","modified_gmt":"2021-10-02T10:54:10","slug":"study-findings-show-83-7-of-luno-users-are-bullish-on-bitcoins-resurgence","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/study-findings-show-83-7-of-luno-users-are-bullish-on-bitcoins-resurgence\/","title":{"rendered":"Study Findings Show 83.7% of Luno Users Are Bullish on Bitcoin\u2019s Resurgence"},"content":{"rendered":"

About 83.7% of those surveyed by Luno in a recent study believe the price of bitcoin will rise significantly in the next few months. In fact, 59.4% of the more bullish respondents are expecting the leading crypto to rise to as much as $100,000.<\/strong><\/p>\n

Bullish Beyond Bitcoin<\/h2>\n

These are the findings<\/a> of Luno\u2019s Q3 Customer Sentiment Survey that was conducted between August 20 and September 20. A total of 1,870 customers of Luno cryptocurrency exchange from South Africa, Malaysia, Indonesia, and the U.K. participated in the study.<\/p>\n

Aside from bitcoin, study participants were also asked to share their thoughts about the prospects of altcoins like ETH<\/a>, XRP<\/a> and BCH<\/a>. As the study findings suggest, many of the respondents across the four countries are similarly bullish on altcoins as well.<\/p>\n

South Africans Less Bullish on ETH<\/a>
\n<\/h2>\n

However, it would appear that Luno customers in the U.K. and Malaysia are more bullish on such cryptos as ETH<\/a> than their counterparts in South Africa. The exchange\u2019s blog explains:<\/p>\n

\u201cWhile 64.5% of our South African users are most optimistic about bitcoin, ethereum is second at 55.4%, followed by XRP<\/a> (28.6%), bitcoin cash (25.9%) and litecoin (17.8%). Meanwhile, although Malaysian and British customers both share strong enthusiasm for bitcoin, they\u2019re most optimistic about ethereum. Nearly 70% of Malaysian customers are feeling optimism for ethereum, with 75% of investors in Great Britain sharing the same sentiment.\u201d<\/p>\n<\/p>\n

Concerning customers\u2019 understanding of cryptocurrencies as a long-term investment, the study found that 38% of respondents intend to hodl their investments. While 28% of the respondents do consider themselves day traders, the blog still concludes that \u201cthe idea of bitcoin as something you\u2019re in the long haul for seems to have certainly taken root.\u201d<\/p>\n

What are your thoughts on the findings of this study? Tell us what you think in the comments section below. <\/strong><\/em><\/p>\n

Bitcoin News
\nEmerging Markets, Bitcoin, bitcoin cash, Bitcoin hodlers, Day Traders, litecoin, luno crypto exchange, short term profit, XRP<\/p>\n","protected":false},"excerpt":{"rendered":"

About 83.7% of those surveyed by Luno in a recent study believe the price of bitcoin will rise significantly in the next few months. In fact, 59.4% of the more bullish respondents are expecting the leading crypto to rise to as much as $100,000. Bullish Beyond Bitcoin These are the findings of Luno\u2019s Q3 Customer…<\/p>\n","protected":false},"author":0,"featured_media":12770,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-12769","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/12769"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=12769"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/12769\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/12770"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=12769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=12769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=12769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}