Nearly 90% of cryptocurrency investors surveyed say they weren’t scared away by May’s brutal selloff and are planning to buy more

Nearly 90% of cryptocurrency investors surveyed say they weren’t scared away by May’s brutal selloff and are planning to buy more

The recent selloff that wiped out more than 20% of the cryptocurrency market's valuation appears to have emboldened buyers to invest even more in digital currencies, according to a survey conducted by cryptocurrency-asset broker Voyager Digital. 87% of respondents in the company's second-quarter retail investor sentiment survey said they plan to increase their crypto holdings over the next quarter. The survey captured responses from 3,671 participants at the end of May, during which bitcoin led a plunge in prices throughout the market. The survey also showed an average of 7 out of 10 investors holding bullish sentiment for price over the next three months. Threats of bitcoin mining and trading crackdowns in China, taxation efforts on cryptocurrency transactions in the US and decision to stop taking bitcoin as payment for its electric vehicles stoked a 47% slide in bitcoin's price during May, driving it to a low of $30,681.50 from $57,750.18 at the start of the month. "It's encouraging that investors remain bullish following the recent market correction," said Steve Ehrlich, Voyager's CEO, in a statement. "The fact that the vast majority of our large sample size of investors are more confident in the future of cryptocurrency shows how people