Bitstamp: Despite the crisis, investors continue to trust cryptocurrencies

The British cryptocurrency exchange Bitstamp found out at what level the attitude of investors towards digital currencies is currently located.

According to the latest research by Bitstamp cryptocurrency exchange analysts, global confidence in the crypto industry is not fading despite the ongoing market crisis. The survey, conducted by the Crypto Pulse service, according to the organizers of the study, became the world’s largest study of investor attitudes towards digital currencies in the second quarter of 2022. More than 28,000 retail and institutional investors from 23 countries took part in the survey.

The survey showed that the number of global retail investors who still trust cryptocurrencies increased slightly during the quarter, from 61% to 65%. Among institutional investors, this figure increased from 67% to 70%. Analysts say that given the serious crisis in the market, such numbers are encouraging and demonstrate the resilience of the industry.

At the same time, the percentage of trust in cryptocurrencies varies from country to country. Thus, in the United States, experts recorded the highest increase in confidence in the crypto industry – from 61% in the first quarter to 73% in the second. Canada, on the contrary, became the country with the most sagging percentage of confidence – in the second quarter it fell below 50%. For comparison: Mexico – 70%, Brazil – 77%, Chile – 69%.

“We see that the digital currency industry continues to enjoy the trust of many investors and companies around the world during this challenging time for the industry. However, in some countries, trust in cryptocurrencies has noticeably decreased – investors prefer to switch to other assets or improve their knowledge about cryptocurrencies. We are confident that greater awareness of the cryptocurrency ecosystem is a step in the right direction,” experts say.

Earlier, the head of the Binance cryptocurrency exchange said that a recession in developed countries and rising inflation could push people and companies to use digital assets more often.