Crypto trading platform Bitstamp Cryptocurrencies are poised to maximize their adoption over the next decade, according to a new survey published by . Bitstamp has released crypto trends from 23 countries in the early preview of the Global Digital Assets Pulse Survey 2022.
The global Bitstamp exchange conducted a survey of more than 28,000 investors to measure the global level of trust in crypto. The survey observed that 88% of institutional investors and 75% of retail investors believe crypto will become mainstream within a decade.
The report also revealed that 80% of institutional investors agree that crypto assets will overtake traditional investment vehicles.
71% of investment professionals and 65% of day traders cryptocurrencyConfidence levels in digital currency as an asset class appear to be particularly high. However, confidence levels are noticeably higher in emerging markets as opposed to developed markets where regulation remains a concern.
Bitstamp revealed that cryptoassets are more secure in regions where trust in the traditional financial system is low, for example, in emerging economies, compared to 79% and 62% in more developed financial markets.
Crypto-based startups are gaining traction in these uncertain economic times as crypto-assets move towards a global adoption. Such initiatives continue to become the new face of the industry, which receives large investments.
Investors Watch Crypto Startups Carefully
According to data from PitchBook Data Inc., $5 billion was invested in the crypto industry in the first quarter of 2022. This means a double increase compared to the period of last year. Some factors were expected to deter these loft funds, but for now this has not materialized. The high valuations of companies and global market anxiety have so far been overlooked by investors in this crypto craze market.
In this context, Genesis GlobalNoelle Acheson, head of market insights, said:
“Funds are starting to dry up in some other areas of tech finance – some IPOs and maturity schedules are running low. Some companies struggle to find supporters. But in crypto, we’re not seeing that yet.”