According to a “Crypto Pulse” survey by Bitstamp, the summary of which was published yesterday, the crypto space is poised to become a mainstream industry over the next decade.
As cryptocurrency adoption surges and digital assets become more accepted by organizations and businesses, the study found that investors, both retail and institutional, are highly optimistic about the future of the market.
The survey covered 28,563 people from 23 countries in North America, Latin America, Europe, Africa, the Middle East and Asia-Pacific.
Of these, 5,450 were senior decision makers in institutional investment strategy, while 23,113 were retail investors. Bitstamp survey participants say they use crypto to buy groceries, donate, make online purchases, and other everyday items.
The majority of retail respondents believe the industry is in its infancy. They therefore expect the next five years to be crucial for the growth of this industry. 75% believe that digital assets will be adopted by the general public within 10 years.
Institutional participants have recommended it to its clients, according to the survey. As seen in the image above, 68% of institutional responders “actively recommended crypto” to their clients, with a minority of 6% taking the opposite position. This is an indicator of its potential increase in adoption levels. 82% of them also believe that crypto will become mainstream over the next decade.
Julian Sawyer, CEO of Bitstamp, commented on the survey results:
“The adoption of crypto and other digital assets is growing at an unprecedented rate. Over the past few years, cryptocurrencies have moved from the periphery of the financial ecosystem to find themselves at the forefront of the mainstream investing, with many of the world’s largest trading platforms now catering to the crypto needs of individuals and institutions.
“We have seen interest surge in the years following the pandemic, and crypto has become part of the larger conversation on global macro issues. Our survey shows something we’ve been advocating for a long time: talking about the survival of digital assets is definitely over – the question is now about evolution. »
Will crypto take over?
It can be said that cryptocurrencies are proving to be an incredible way to help the whole world live in the future.
The internet came into existence towards the end of the last century and completely changed the whole world. And now blockchain technology is poised to change the world of the 21st century.
We can now transfer money from anywhere in the world to any location in seconds without any government oversight, all thanks to blockchain technology.
With all the revolutionary and game-changing qualities that blockchain technology has brought, its full adoption and global takeover as the postulates of the Bitstamp survey would not come about without a fight.
We have seen arguments from “nocoiners” like – “Crypto is a haven for fraudsters, criminals and money launderers”. One of the reasons why countries like China and some countries in Africa have outright banned it. Other countries, including the United States, the United Kingdom, and some other European countries, have placed it under strict regulation.
It will be interesting to see what plays out in the battle between “crypto maxis” and “nocoiners” in the years to come. But one thing is certain, crypto is here to stay.
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