As a show of belief in the crypto space, 67% of retail or investors deem cryptocurrencies as trustworthy investments, while only 11% seeing them as untrustworthy, according to a study by crypto exchange Bitstamp.
The study was rolled out in 23 countries spread across Asia-Pacific, the Middle East, Africa, Europe, Latin America, and North America and surveyed 23,113 retail investors and 5,502 institutional decision-makers.
Seen as an alternative to fiat money, most respondents noted that cryptocurrencies would offer a digital-first payments network, especially in emerging economies.
Moreover, 80% of institutional investors acknowledged that crypto would edge out traditional investments within a decade. Per the report:
“The level of trust in crypto as an asset class is high, with 71% of investment professionals and 65% of retail consumer investors stating that they trust crypto.”
Bitstamp also noted that crypto use cases were immense because all respondents acknowledged having new digital asset types like non-fungible tokens (NFTs), central bank digital currencies (CBDCs), and stablecoins.
When it comes to mainstream adoption, 75% of retail respondents and 88% of institutional investors stated that crypto would go through the roof within a decade.
Meanwhile, institutional investments continue trickling into the crypto space, given that Venture Capital (VC) firms have sealed more than 1,000 crypto deals worth $17 billion in 2022, Blockchain.News reported.
Furthermore, crypto investors were satisfied because their realized gains surged by 400% to hit $162.7 million in 2021. Realized gains entail profits accrued after selling a financial instrument like a commodity, share, or cryptocurrency.
The Chainalysis study acknowledged that realized gains in the United States were the highest because they skyrocketed by 476%, from $8.1 billion recorded in 2020 to $47 billion in 2021.
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