Published: 28.04.2022
Article reading time:
2 minutes.
Analysts of the trading platform Bitstamp argue that most investors are waiting for the displacement of traditional assets by the rapidly expanding cryptocurrency market.
Crypto exchange Bitstamp has published the Global Digital Assets Pulse Survey 2022 report, which states that by the next decade, cryptocurrencies will become widespread and will surpass traditional assets in demand. According to the trading platform, out of 28,000 surveyed, 88% of institutional and 75% of retail investors believe that cryptocurrency will become widespread before the end of the decade.
The authors of the report claim that 80% of institutional investors agree that cryptocurrencies will outperform traditional investment vehicles. Bitstamp notes that the level of trust in cryptocurrencies as an asset class is high, with 71% of investment professionals and 65% of ordinary investors declaring trust in cryptocurrencies.
The report says that the level of trust in digital assets in lagging countries is noticeably higher than in developed countries, where regulation is more stringent:
“Where trust in the traditional financial system is low, such as in emerging economies, 79% of investors believe that crypto is more trustworthy compared to 62% in more developed financial markets.”
According to PitchBook Data, $5 billion was invested in the crypto industry in the first quarter of 2022. This is twice as much as last year. It was expected that certain factors would hold back the financing of these markets, but at the moment this has not happened.
Pantera Capital CEO Dan Morehead echoes the sentiment expressed by the majority of institutional investors in the Bitstamp survey. According to him, the tightening of the policy of the US Federal Reserve will lead to a large-scale flow of capital from stock exchanges and real estate to the cryptocurrency market.
Source: Bits
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