Thursday, March 23, 2023

Global confidence in cryptocurrencies remains strong among investors

Global Confidence In Cryptocurrencies Remains Strong Among Investors

Despite the market downturn, more European retail investors poured their money into cryptocurrencies in the second quarter of this year, while in most of the US, confidence in this budding asset class continued to grow, and the cautious outlook on cryptocurrency investing strengthened somewhat. . Asia. Plus, a better understanding of cryptocurrencies will bring more new investors to this market.

These are the results of a global survey commissioned by crypto exchanges. Between 19 May and 6 June 2022, 28,000 retail and institutional investors were surveyed in 23 countries around the world.

The survey showed that at the end of Q2 2022, nearly 52% of retail investors surveyed across major European markets admitted to investing in cryptocurrencies, up from 45% in Q1 of the year.

Additionally, according to the findings, consumer education remains a problem preventing investors from entering the market, with 21% of respondents in Europe saying they want to invest in cryptocurrencies but don’t know enough to get started. According to Bitstamp, the figure was highest in the UK, where it rose from 25% in April to 31% by the last day of the survey.

Bitstamp CEO Jean-Baptiste Graftieux said in a statement that despite the recent market challenges, the latest Crypto Pulse survey shows that investors still want to learn more about cryptocurrencies.

“Therefore, it is imperative that companies take the lead in providing reliable and well-researched educational material to empower the everyday investor, so that they can make the best decisions for their money in the market place,” he said.

Meanwhile, across most of the US, the retailers surveyed continued to demonstrate greater confidence in cryptocurrencies in the second quarter.

In fact, Canada was the only country where confidence in crypto among retail respondents decreased slightly by 50% in Q2 versus Q1. According to the survey, every other country in the US has confidence in crypto by 68% or more, Brazil It remains at 77% in countries like Chile, 69% in Chile and 70% in Mexico.

In Asia, Bitstamp said that survey participants from Singapore, Australia, Hong Kong, Japan and India indicated that the majority of institutional investors in the region, at 66%, would continue to actively recommend crypto as an investment. However, there has been an increase in those who cautiously recommend cryptocurrency investments to their clients, at 18% in Q2, up from 14% in Q1 2022.

“But they are also taking the cryptocurrency winter as an opportunity to build the future. In Singapore, when asked about their future plans for crypto, more than a third of institutions said they wanted to increase investments (35%) , are in favor of investing in expanding their knowledge base for their clients (33%) and growing their cryptocurrency offerings (34%) %),” according to the report.


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Global Confidence In Cryptocurrencies Remains Strong Among Investors

Nation World News Desk
Nation World News Desk
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