Investors Are Quite Confident In The Future Of Cryptocurrencies According To Paxos Survey

A large-scale survey by stablecoin issuer Paxos revealed that investors continue to trust the market despite major bankruptcies in 2022.

Binance USD (BUSD) issuer PaxosThe survey carried out between 5-6 January revealed remarkable data on the crypto money market. Has purchased cryptocurrencies in the last three years and has more than $50,000 in revenue 50,000 US adults According to the survey conducted with the participation of 75% of respondents from the future of cryptocurrencies “sure” or “partially sure” reported they were.

Participants 72%about the turbulent process in the crypto money markets last year, “A little” or “no worries” when you say you’re not %27′if it is bought cryptocurrencies for the first time last year. expressed.

The survey shows more investors more institutional players adopting crypto He also revealed that he is considering increasing his investments in case of need. Participants 45%reported that it will increase its investments in this area if cryptocurrencies are more widely adopted by banks and other financial institutions. In addition, the participants 75%i if by their banks shared that if a cryptocurrency offer or service is offered, they will accept it.

Confidence in centralized structures remains intact despite FTX

On the other hand, users 89% such as the vast majority of intermediaries, continues to rely on centralized exchanges and mobile payment apps. It was among the surprising facts that users still have such a perception, despite the fact that central organizations went bankrupt and caused serious damage to the sector in 2022.

On the other hand, despite all these bankruptcies and crises, FTXUsers who are aware of what happened, including the collapse of 57%stated that he was either planning to buy more crypto or did nothing as a result of the news. Paxos commented on this result from the survey as follows:

In fact, despite the high-profile crashes and poor underlying risk management practices seen at many crypto companies, the vast majority of crypto investors still rely on brokers to hold crypto on their behalf.

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