As cryptocurrency adoption continues to rise and organisations and enterprises increasingly embrace digital assets, a new survey discovered that retail and institutional investors hold a very positive view of the market’s outlook.
Indeed, according to the Crypto Pulse study conducted by cryptocurrency exchange Bitstamp, 80% of institutional investors anticipate that crypto as an asset class will eclipse traditional investment vehicles over the next decade.
Meanwhile, 54% of daily investors believed that digital currencies such as Bitcoin (BTC) and Ethereum (ETH) would eventually replace traditional financial assets.
Nonetheless, 71% of investment respondents stated that they trusted crypto as an asset class, compared to 65% of retail investors. 67% of retail respondents perceived crypto as a trustworthy investment, as opposed to 11% who said it was untrustworthy.
Additionally, the survey found that 88% of institutional investors and 75% of retail investors believed that crypto would attract more mainstream adoption within this period.
It should be noted that a recent worldwide survey identified 2021 as a breakthrough year for cryptocurrency since it was the year in which the bulk of respondents joined the industry.
Interestingly, this report corroborates Bitstamp’s analysis, which found cryptocurrency adoption as occurring at an “unprecedented pace.”
Bitstamp CEO Julian Sawyer remarked on the survey’s results, stating that the adoption of cryptocurrency and other digital assets was accelerating at an “unprecedented pace.” In recent years, cryptocurrencies have risen from the periphery of the financial ecosystem to become the main focus of mainstream investment, with many of the world’s major trading platforms now catering to both retail and institutional crypto demands.
Sawyer further explained that the global interest in cryptocurrency had grown exponentially in the years after the outbreak, and crypto is now a part of the larger discourse about global macroeconomic issues. The survey confirms that the debate about the survival of digital assets is firmly over, and the issue now is about evolution.
28563 respondents from 23 countries in Europe, Latin America, North America, Africa, the Middle East, and Asia-Pacific participated in the survey. There were 23,113 retail investors and 5,450 senior institutional investment strategy decision-makers. The full report on the findings will be published in the upcoming days.
