A new survey is suggesting that investors worldwide are hanging on to their belief in crypto assets despite this year’s sharp market downturn.
According to Bitstamp’s most recent Crypto Pulse survey, which queried over 28,000 retail and institutional investors from 23 countries, the overwhelming majority of nations in the Americas retained their strong outlook toward crypto assets.
“Canada was the only country that saw trust in cryptocurrency dip slightly below 50% in Q2 vs. Q1 among retail respondents. All other countries in the Americas saw trust in cryptocurrency remain high, at or above 68% with countries such as Brazil at 77%, Chile at 69%, and Mexico at 70%.
The US showed the single biggest increase in trust, from 61% in Q1 to 73% in Q2, along with a further 44% increase in retail respondents who said they currently invest 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 that rate crypto as trustworthy fell slightly from 54% to 52% while 66% of institutional investors in Asia-Pacific said they would recommend digital assets to their clients.
The report finds that overall, the global markets appear mostly unfazed by this year’s long-lasting crypto bear market, which saw the total market cap of the industry dip under $900 billion at one point.
“Despite the downward market trend, the results show global trust in crypto remains unshakable. The percentage of retail investors around the world who find crypto trustworthy has dipped slightly from 67% in Q1 to 65% in Q2. There was a similar decline among institutional investors: 67% still deem crypto trustworthy vs. 70% in Q1.
Considering that in Q1 we were entering a crypto winter, these numbers are inspiring and speak in favor of the industry’s resilience… Although trust in crypto has declined slightly in some regions, investors are taking this time to either increase their investment or expand their knowledge of crypto.”
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Featured Image: Shutterstock/zeber/Nikelser Kate