Majority of Nations Having a Positive Stance
According to a recent poll, despite this year’s significant market collapse, investors all over the world seem to be holding onto their faith in crypto assets. The vast majority of countries in the Americas continue to have a positive stance on crypto assets, according to a recent study, which polled over 28,000 retail and institutional investors from 23 countries.
Retail respondents in Canada were the only country where trust in cryptocurrencies fell significantly below 50% in Q2 vs. Q1. With nations like Brazil at 77%, Chile at 69%, and Mexico at 70%, trust in cryptocurrencies remained strong in all other countries in the Americas and was at or above 68%. In addition to a further 44% rise in retail respondents who stated they already invest in cryptocurrencies, from 42% to 61% quarter over quarter, the US demonstrated the single largest gain in trust, rising from 61% in Q1 to 73% in Q2.
Crypto Bulls Decreasing in Europe
Investors in Asia-Pacific and Europe also demonstrated faith in the emerging asset class. According to the poll, the percentage of European retail investors who believe cryptocurrencies are trustworthy has slightly decreased, from 54% to 52%, while 66% of Asian institutional investors stated they would advise their customers to invest in digital assets. The long-lasting crypto bear market that began this year, which caused the industry’s entire market value to briefly fall below $900 billion, appears to have had a little overall impact on the world markets, according to the analysis.
The findings demonstrate that, notwithstanding the declining market trend, confidence in cryptocurrencies is unwavering worldwide. The number of retail investors who believe cryptocurrencies are reliable has decreased somewhat from 67% in Q1 to 65% in Q2. Similarly, institutional investors’ confidence in cryptocurrency has decreased: from 70% in Q1 to 67% now. These figures are encouraging and demonstrate the industry’s resiliency given that we were entering a crypto winter in Q1. Investors are seizing this opportunity to either raise their investment or deepen their understanding of cryptocurrency, despite certain countries’ small drops in faith in the technology.
Source: https://www.thecoinrepublic.com/2022/09/06/survey-says-the-trust-for-crypto-isnt-going-anywhere/