According to a survey conducted by crypto trading site Bitstamp, cryptocurrency usage will reach mainstream status over the next decade. Bitstamp has provided crypto trends from 23 nations in an early peek of the 2022 Global Digital Assets Pulse Survey.
Bitstamp, a worldwide cryptocurrency exchange, polled over 28,000 investors from all over the world to determine the global degree of trust in cryptocurrencies. According to the survey, 88 percent of institutional investors and 75 percent of retail investors anticipate that cryptocurrency will become popular within a decade.
According to the survey, a further 80% of institutional investors believe that cryptos would eventually supplant traditional investment vehicles.
Notably, trust in digital currency as an asset class is high, with 71 percent of financial experts and 65 percent of regular investors trusting crypto. However, confidence levels in developing countries are far higher than in industrialized markets where regulations remain a worry.
“Where trust in the traditional financial system is low: for example, in emerging economies, 79 per cent say crypto is more trustworthy compared to 62 per cent of more developed financial markets,” Bitstamp said.
In these uncertain economic times, crypto-based startups are gaining pace as we march towards worldwide crypto acceptance. Such firms are becoming the industry’s new face, and they are garnering large investments.
Investors are baffled by crypto companies.
According to PitchBook Data Inc., $5 billion was invested in the crypto business in the first quarter of 2022. This is a twofold rise over the same period previous year. Certain elements were expected to dissuade these loft fundings, but they have so far failed to do so. Investors in this crypto frenzy market have so far ignored lofty company valuations and global market anxiety.
Noelle Acheson, head of market insights at Genesis Global, commented in this regard,
“Funding is starting to dry up in some of the other areas of tech financing- some IPOs and term sheets are dwindling. Some companies are struggling to get backers. But in crypto, we’re not seeing that yet.”