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Crypto enjoys trust as an investment: but still less than real estate, stocks or securities

 


Global crypto exchange Bitstamp released its survey called Crypto Pulse on Tuesday, concluding that institutional and retail investors believe cryptocurrencies will overtake traditional forms of investing within a decade. 80 percent of institutional respondents and 54 percent of retail investors answered "yes" to this question.


It was also asked whether cryptocurrencies will become mainstream in the next 10 years. Here, 88 percent of the institutional respondents and 75 percent of the small investors gave "Yes". Overall optimism was expressed by 28,563 respondents from 23 countries, including 5,450 senior institutional investment strategy decision makers and 23,113 retail investors.



Bitstamp CEO Julian Sawyer said in a statement that cryptocurrencies are now receiving most of the mainstream investment. He added:


"Since the pandemic, interest has surged and cryptocurrencies are now a topic in mainstream discussions about global macroeconomic issues. Our survey shows exactly what we've been saying for a long time: the debate over whether digital assets will survive is finally over. The question now is in which direction they will develop."

71 percent of institutional investors and 75 percent of retail investors said they would trust cryptocurrencies as an asset class. However, compared to real estate, stocks and securities, they trust cryptocurrencies less. 67 percent of retail investors said crypto was a trustworthy investment, while 11 percent said crypto was untrustworthy. 60 percent of retail and institutional investors trust DeFi instruments like stablecoins and NFTs.


Bitstamp suggests that any hesitation could be due to the lack of regulation of cryptocurrencies. The company added that trust in cryptocurrencies on a global scale is mainly 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 in March providing a regulatory framework for digital assets .


Recently, Bitstamp tightened its compliance requirements and now asks its users for more data, including nationality, place of birth, tax residency, and source of wealth. 

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