According to Bitstamp, 80% of institutional investors think crypto will surpass traditional investment vehicles. 70% of institutional investors believed crypto was trustworthy, while 68% recommended it as an investment strategy.
Institutional Investors are excited about Crypto
Bitstamp is a leading crypto derivatives trading platform that announced Monday the results from its first ever Crypto Pulse Survey.
There were a total of 28563 participants from 23 countries, including North America, Latin America Europe, Africa and Asia-Pacific. 5,450 of them were institutional decision-makers in investment strategies, while 23,113 were retail investors.
According to the survey results: “88% of institutional respondents and 75% of retail investors believe that crypto will see mainstream adoption within a decade.” In addition, Bitstamp said:
A further 80% of institutional investors reported that crypto will overtake traditional investment vehicles — showing a particularly bullish attitude from financial professionals on the future of crypto as an asset class.
“From the retail respondents, 54% believed that crypto will overtake traditional currencies within 10 years,” the company added.
Moreover, “The survey also found that levels of trust in crypto as an asset class is high,” the exchange noted. While “67% of retail respondents believe crypto is a trustworthy investment,” the survey further reveals:
70% of respondents from institutional investors said crypto is a trustworthy investment. 68% recommend crypto as an investment strategy.
Numerous prominent investors claim that cryptocurrency is attracting more institutional investors.
Earlier this month, Shark Tank star Kevin O’Leary predicted that trillions of dollars will flood into crypto from institutional investors. He believes that crypto will become the 12th sector of the S&P. Asset management firm Skybridge Capital is also “extremely bullish” on crypto, an executive of the firm said this week.
Many people also expect institutional investors will flock to crypto once the U.S. Securities and Exchange Commission approves spot Bitcoin exchange-traded funds. Grayscale Investments CEO Michael Sonnenshein recently said that the SEC approving a bitcoin ETF is “a matter of when and not if.”
What do you think about this survey’s findings? Please comment below.
Image creditShutterstock. Pixabay. Wiki Commons
DisclaimerThis article serves informational purposes. It does not constitute an offer, solicitation, or recommendation of any company, products or services. Bitcoin.com doesn’t offer investment, tax or legal advice. The author and the company are not responsible for any loss or damage caused or alleged caused by the content or use of any goods, services, or information mentioned in the article.