On Tuesday, Bitstamp released the Crypto Pulse poll, which found that both institutional and retail investors believe crypto will surpass traditional assets within a decade. Specifically, 80% of the institutional respondents and 54% of individual investors agreed that crypto would outpace conventional investment vehicles in ten years.
The poll also inquired about the prospect of crypto becoming readily accepted in the next ten years. With somewhat higher figures, 88% of institutional respondents and 75% of retail investors said yes. This overall bullish mood was represented by 28,563 people, including 5,450 senior institutional investment strategy decision makers and 23,113 retail investors from 23 countries.
Bitcoin has made significant strides in gaining the attention of the general public, according to Julian Sawyer, CEO of Bitstamp. She added: “We’ve seen interest propel in the years since the pandemic, and crypto is now part of the wider conversation in global macro-economic matters. Our survey shows something we have advocated over a long time: talking about survival of digital assets is firmly over — the question is now about evolution.”
When it comes to putting their faith in crypto as an asset class, 71% of investment professionals and 65% of regular investors believe they can do so. However, when compared to trust in property ownership, shares and stocks, crypto is trusted less. 67 percent of retail respondents find that cryptocurrency is a trustworthy investment while 11% consider it untrustworthy. In terms of decentralized finance, or DeFi, investment vehicles like stablecoins and NFTs have levels of trust that are higher than 60% among retail and institutional investors.
According to Bitstamp, a lack of regulatory oversight may be the cause for hesitation. It said that worldwide trust in crypto is concentrated in developing countries and unstable economies where trust in conventional financial systems is low. In the United States, President Joe Biden signed an executive order on digital assets that addressed a regulatory framework for such assets in March.
Recently, Bitstamp has increased its compliance efforts by asking its customers to provide more information, such as birthplace and tax residency.
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