A survey by crypto trading platform Bitstamp shows that 80% of institutional investors believe crypto will overtake traditional investment vehicles. Furthermore, 70% of institutional investors said crypto was a trustworthy investment, with 68% actively recommending this asset class in investment strategies.
Institutional Investors Bullish About Crypto
Bitstamp, a major crypto derivatives trading platform, announced the results of its first-ever Crypto Pulse Survey Monday.
A total of 28,563 respondents from 23 countries across North America, Latin America, Europe, Africa, the Middle East, and Asia-Pacific participated in the survey. Among them, 5,450 were senior institutional investment strategy decision-makers and 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 institutional investor respondents said that crypto was a trustworthy investment, with 68% actively recommending crypto in investment strategies.
Several prominent investors have said that institutional investors are increasingly interested in investing in cryptocurrency.
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.
Furthermore, many people expect institutional investors to pile into crypto when the U.S. Securities and Exchange Commission (SEC) finally approves spot bitcoin exchange-traded funds (ETFs). Grayscale Investments CEO Michael Sonnenshein recently said that the SEC approving a bitcoin ETF is “a matter of when and not if.”
Source: Bitcoin
