Crypto To Take Over The Financial Sector Over Next Decade, Survey Finds
26 Avril 2022 - 8:00PM
NEWSBTC
Per a survey published by Bitstamp, the crypto space is on track to
become a mainstream industry. The platform conducted a survey with
over 28,000 participants, 5,400 senior institutional
decision-makers, and 23 retail investors, across 23 global markets
to try and take a pulse on the sector. Related Reading
| Dogecoin (DOGE) Jumps 30% After Elon Musk Buys Twitter Since
its inception, digital assets have grown into a $2 trillion
industry at its all-time high. Once an interesting way for
tech-savvy individuals to send money across the world, the
participants of Bitstamp’s survey claim that they used crypto to
buy groceries, donate, shop online, and other day-to-day items. A
majority of retail responders believe the industry is in its early
stages. Therefore, they expect the next 5 years to be crucial for
this industry’s growth. 75% think digital assets will reach
mainstream adoption within 10 years. As an additional sign of its
potential to increase its adoption levels, institutional
participants have been recommending it to its clients, the survey
claims. As seen below, 68% of the institutional responders have
been “actively recommending crypto” to their clients, with a 6%
minority taking the opposite stand. Similar to retail responders,
82% of institutions believe crypto will be mainstream in the coming
decade. These investors class, the survey discovered, are very
active in the space with 62% trading digital assets over 2 times
per week and 54% claiming to have over 30% of their portfolio in
cryptocurrencies. CEO at Bitstamp, Julian Sawyer said: The adoption
of crypto and other digital assets is advancing at an unprecedented
rate. In the last few years, cryptocurrencies have moved from the
outskirts of the financial ecosystem to find themselves front and
center of mainstream investing, with many of the largest trading
venues in the world now catering to both retail and institutional
crypto needs (…). The Countries That Could Adopt Crypto Faster Over
the next years, as digital assets gain popularity, emerging
economies could be critical in boosting their expansion. At the
moment, the emerging world leads in terms of trust with
institutions in Nigeria, Brazil, Colombia, Argentina, South Africa,
and others surpassing first-world countries. Retail investors in
the developing world are keener to trust digital assets. As seen
below, these countries record over 75% in trust in contrast to the
50% or 60% in first world countries, such as the U.S., Spain, and
the United Kingdom. Regulations continue to be a key subject for
both retail and institutional investors. 47% of retail and 55% of
institutions believe the industry lacks a regulatory framework.
Thus, the industry’s future adoption seems highly tied to investors
pressing their governments to provide more clarity on this item.
Related Reading | Bitcoin 401k? Fidelity Investments Says
Yes In short timeframes, the crypto markets stand at critical
support levels as Bitcoin and larger cryptocurrencies trend to the
downside. At the time of writing, BTC’s price trades at $38,500
with a 3% loss in the last 24 hours. The bulls need to display
strength to prevent further losses.
Amp (COIN:AMPUSD)
Graphique Historique de l'Action
De Mar 2024 à Avr 2024
Amp (COIN:AMPUSD)
Graphique Historique de l'Action
De Avr 2023 à Avr 2024
Real-Time news about Amp (Cryptomonnaies): 0 recent articles
Plus d'articles sur Amp