Study: 63% of traders bearish on cryptocurrencies

[Research: 63% of traders are bearish on cryptocurrencies] Jinse Finance reported that according to the recent Charles Schwab Trader Sentiment Survey, 90% of traders believe that the possibility of a US recession is very high, and 74% of them believe it will start this year.

According to the survey, 18% of traders are now most concerned about the possibility of a recession, up 6% from the previous quarter. This makes about 63% of responding traders particularly negative on cryptocurrencies and meme stocks.

The survey also revealed that very few traders intend to buy cryptocurrencies, but they only include non-first-time investors and experienced buyers. (beincrypto)

Other news:

Research: Ethereum is more popular than Bitcoin in 26% of the world's countries: Jinse Finance reported that according to a CoinText study on the popularity of cryptocurrencies in various countries, it concluded that Ethereum is more popular in 26% of the world's countries , Ethereum investors outnumber Bitcoin investors. David Merry, CEO of InvestooGroup, CoinText's parent company, said the study "is an interesting look at the psychology of cryptocurrency investors in different countries, and how different economic landscapes shift sentiment between Bitcoin and other tokens." Other conclusions from the study include that more Japanese investors hold Solana than Ethereum, suggesting that Solana will ultimately provide a better platform in the DeFi space. Meanwhile, Singapore appears to be the most bullish country for Ethereum. (cryptonews)[2022/5/5 2:52:39]

Research: Bitcoin a Viable Option for Investors Amid Geopolitical Uncertainty: Golden Finance reports that a recent study by the University of Pretoria analyzed how Bitcoin, and other cryptocurrencies, have responded to geopolitical developments, including ETH, XRP, LTC, and XLM. The study highlights the impact of geopolitical risk (GPR) on the price of Bitcoin. Investors moved from the stock market to the bitcoin market, which in turn led to an increase in the price of bitcoin. The increase in GPR levels could have a positive impact on Bitcoin prices as investors view Bitcoin as a hedge against global uncertainty, the report said. According to analytical data, among the five leading cryptocurrencies, Bitcoin exhibited significant jumps or price discontinuities, all in sync with rising levels of GPR. According to the study, the increase in the GPR index leads to an increase in the price of Bitcoin, which means that the upward behavior of BTC is largely determined by the GPR index. However, other cryptocurrencies are not as dependent on the GPR index as Bitcoin is. The study concluded that Bitcoin is a viable option for investors amid heightened geopolitical uncertainty. [2020/3/12]

Voice | Research: Sovrin technology is expected to land, but it is difficult to promote: Sorvin is a protocol for self-governing identity and decentralized trust. This autonomous identity is not dependent on any central institution and cannot be taken away. Referring to the network effect-implementation difficulty model of Professor Catalini of MIT, the Sovrin project belongs to the identity authentication sector. In the real world, this is a typical monopoly industry, and the network effect is very obvious. The last mile problem in the identity authentication market in the real world is that people dare to trust only digital certificates certified by CAs. Since the blockchain itself cannot solve the identity correspondence between the real world and the digital world, the last mile problem is still relatively serious. TokenGazer believes that the Sovrin project has made a series of progress in technical implementation, but there is still a lot of work to be done. The subsequent implementation and promotion of the project is relatively difficult, and cooperation with the government or authoritative organizations may be required, and there are certain policy risks. It may be a good choice for the follow-up Sovrin project to develop alliance chains between enterprises. [2018/11/12]