Global confidence in crypto remains unshaken despite recent market decline, according to new survey
A new survey suggests that investors around the world are holding on to their faith in crypto assets despite this year’s sharp market decline.
According to Bitstamp’s latest Crypto Pulse survey, which polled over 28,000 retail and institutional investors from 23 countries, the overwhelming majority of nations in the Americas maintained their strong outlook for crypto assets.
“Canada was the only country to see confidence in cryptocurrency fall slightly below 50% in Q2 vs. Q1 among retail respondents. All other countries in the Americas saw confidence in cryptocurrency still high at or above 68% with countries like Brazil at 77%, Chile at 69% and Mexico at 70%.
The US showed the largest single increase in confidence, from 61% in Q1 to 73% in Q2, along with a further 44% increase in retail respondents who said they are currently investing in cryptocurrency, from 42% to 61% quarter over quarter.”
Investors in Europe and Asia-Pacific also showed confidence in the nascent asset class. According to the survey, European retail investors who rate crypto as trustworthy fell slightly from 54% to 52%, while 66% of Asia-Pacific institutional investors said they would recommend digital assets to their clients.
The report finds that overall, global markets appear largely unaffected by this year’s prolonged crypto bear market, which saw the total market value of the industry at one point fall below $900 billion.
“Despite the downward market trend, the results show that global trust in crypto remains unwavering. The share of retail investors around the world who find crypto credible has slightly decreased from 67% in Q1 to 65% in Q2. There was a similar decline among institutional investors: 67% still consider crypto trustworthy versus 70% in Q1.
Considering that in Q1 we entered a crypto winter, these numbers are inspiring and speak in favor of the industry’s resilience… Although confidence in crypto has fallen slightly in some regions, investors are using this time to either increase their investments or expand the knowledge of crypto.”
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Featured image: Shutterstock/zeber/Nikelser Kate
