Uncertainty over regulation remains a key barrier to crypto investing, according to Bitstamp.
Global crypto exchange Bitstamp released its Crypto Pulse survey on
Tuesday, concluding that both institutional and retail investors believe
crypto will overtake traditional investment vehicles within a decade.
Specifically, 80% of the institutional respondents and 54% of the retail
investors answered the question in the affirmative.
The survey
also polled opinions on whether crypto will see mainstream adoption
within the next 10 years. With slightly higher results, 88% of
institutional respondents and 75% of retail investors responded
affirmatively. This overall bullish attitude came from 28,563
respondents, including 5,450 senior institutional investment strategy
decision makers and 23,113 retail investors, from 23 countries.
Julian Sawyer, CEO of Bitstamp, said in a statement that
cryptocurrency is now at the forefront of mainstream investing. She
added:
"We’ve seen interest propel in the years since the
pandemic, and crypto is now part of the wider conversation in global
macro-economic matters. Our survey shows something we have advocated
over a long time: talking about survival of digital assets is firmly
over — the question is now about evolution.”
When it came
to trusting in crypto as an asset class, 71% of investment
professionals and 65% of everyday investors stated that in crypto they
trust. When compared to trust in property ownership, shares and stocks,
however, crypto is trusted less. For retail respondents, 67% believe
crypto is a trustworthy investment, while 11% said that crypto was
untrustworthy. And as for decentralized finance, or DeFi, investment
vehicles like stablecoins and NFTs, levels of trust went above 60%
across retail and institutional investors.
Bitstamp suggested that
any hesitation may stem from the lack of regulation around crypto. It
added that trust in crypto at a global level is primarily driven by
developing countries and unstable economies, where trust in the
traditional financial system is low. In the United States, President Joe
Biden signed an executive order that addresses a regulatory framework for digital assets in March.
Recently, Bitstamp increased its compliance efforts by requesting its users to provide more data info like nationality, place of birth, tax residency and the source of wealth.
source link : https://cointelegraph.com/news/crypto-gaining-trust-as-investment-but-still-lagging-behind-other-options-bitstamp-report
