2018, Bitcoin News, Top stories

McAfee’s cryptocurrency poll results are finally out

John McAfee is undoubtedly one of the most influential people in the crypto space and has also brought in so much attention towards Bitcoin and cryptocurrencies. He is also very confident in the future of Bitcoin and believes it will hit $1 M by 2020. He has also been very active in analyzing ICOs and underdog coins. Yesterday, he put up a 24 hours poll which has received at least 39,000 votes per poll. Here are some of the results from McAfee’s cryptocurrency poll which he divided into 7 subcategories (polls).

48% of crypto investors fall between the ages of 18 to 30 while 41% of investors range between 31-50 years old. This poll category recorded over 60,000 votes and less than 7% of crypto investors are below 18 and over 50 combined.

Based on another poll category, 42% of crypto investors buy or sell coins once a month or less while 19% buy or sell cryptocurrencies daily. Furthermore, his poll results show about half of the participants are more interested in altcoins (excluding Ethereum and ICOs) and only 5% go in for ICOs while 26% for Ethereum and Bitcoin combined.

Also, 35% of participants invest less than 10% of their assets in cryptocurrencies while 31% invest more than 51% of their assets in cryptocurrencies.

When it comes to the reason for investing in cryptocurrencies, 58% of investors see cryptocurrencies as an investment while only 4% see cryptocurrencies as a currency to buy and sell goods and services.

Finally, according to McAfee’s cryptocurrency poll results, 69% of participants believe cryptocurrencies will co-exist with fiat currencies while 27% see cryptocurrencies replacing fiat and 4% think cryptocurrencies will disappear.

Investors see governments as the biggest threat to cryptocurrencies accounting for at least 55% while 30% of the participants believe banks are a threat to cryptocurrencies.

For more information on all categories and results, you can see them at McAfee’s twitter page here.

What are your thoughts on McAfee’s cryptocurrency poll results? Do you think they are representative enough?

Let us know in the comment section below.

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