Financial Professionals Think BTC Will Outperform S&P 500 in 2020

48.6% of financial professionals believe BTC will outshine the S&P 500 index in growth rate in the next 12 months.

This coming from a report released by Chainalysis, a well-known cryptocurrency data analysis firm. They surveyed a total of 350 professionals in the finance industry.

BTC emerged as the favorite asset choice for the financial professionals in the short term. However, traditional finance professionals say illicit activities and lack of a large enough market are the main causes preventing interaction in the field. And most of these professionals remain skeptical of the industry, with regulation playing a big role in keeping them away from the industry.

At the same time, 37.2% of the respondents believe the United States government is the most likely institution to launch a global digital currency in the next decade.

This article is not intended to be financial advice. As always, do your due diligence before investing, and never invest more than you can afford to lose.

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