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Most bitcoin investors in the U.S. are expecting the cryptocurrency to perform even better next year than this year's seventeen-fold appreciation, according to a newly published survey.
LendEDU, a digital student loan startup which has now published four such surveys asking various questions about bitcoin and cryptocurrencies, polled 565 Americans between Nov. 9 and Nov. 13, 2017. It found that roughly 77% of participants believe bitcoin's price will grow more quickly in 2018 than it did this year.
While bitcoin started 2017 hovering just below $1,000, it was trading at more than $16,500 with highs above $17,000 as of Dec. 14, according to CoinDesk's Bitcoin Price Index (BPI).
Perhaps as a result, nearly 75% of investors plan to increase the size of their investments in bitcoin next year, with less than 10% not planning to, the LendEDU survey found.