Expect Cryptos to Overtake Traditional Investments

In a report released by Bitstamp, a crypto trading platform, 80% of institutional investors hold the view that it is only a matter of time before cryptos surpass traditional investment vehicles. Also, 70% of institutional investors believe that crypto assets are trustworthy, with 68% of them recommending it as an additional category in any investment portfolio.

Institutional Investors are Bullish on Cryptos 

In its first-ever Crypto Pulse Survey Monday, Bitstamp, one of the top crypto trading platforms, surveyed 28,563 respondents in 23 nations from Asia-Pacific, Africa, Europe, Latin America, and North America. 5,450 of the respondents were senior institutional investment strategy decision-makers, while the rest were retail investors. 

Bitstamp said that 80% and 75% of institutional respondents and retail investors, respectively, were of the view that cryptos will be adopted as a major investment instrument in the next decade.

Of the retail respondents, 54% of them hold the view that cryptos will outdo the traditional currencies in the ten years, Bitstamp added. 

The study further established that the level of trust in cryptocurrencies and blockchain assets has grown to a very high level. “67% of the retail respondents believe that cryptos are trustworthy,” the report indicated.

Institutional Investors Increase Interest in Cryptos 

Prominent investors have indicated that institutional investors are now willing to join the crypto space. 

Early in April 2022, Kevin O’Leary, a Shark Tank star, said that trillions of dollars would flow into the crypto industry from institutional investors. He held the view that cryptos are about to become an important asset of S&P 500. Skybridge, an asset management firm, also said they were interested in cryptos. 

Again, more people are expecting institutions to join the crypto industry when the United States Securities and Exchange Commission (SEC) approves spot Bitcoin exchange-traded funds (ETFs). According to Michael Sonnenshein, the CEO of Grayscale Investment, it is no longer if but when Bitcoin ETF will be approved. 

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