Global Investor Trust in Crypto Remains High, but Education Is ‘Essential’

Despite the market crash, more European retail investors invested in cryptocurrencies in the second quarter of this year, while confidence in this emerging asset class continued to grow in most of the Americas and slightly increased in Asia. Even more new investors would enter this market with greater knowledge of cryptocurrencies.

According to the survey, 52% of retail investors surveyed in major European countries acknowledged investing in cryptocurrencies at the end of the second quarter of 2022, up from 45% in the first quarter of this year.

These are the results of a global survey paid for by the cryptocurrency exchange Bitstamp. Between 19 May and 6 June 2022, 28,000 individual and institutional investors from 23 countries around the world were interviewed.

The data also shows that investor entry is still hampered by a lack of consumer education, with 21% of respondents in Europe saying they would like to invest in cryptocurrencies but lack the knowledge to get started. According to Bitstamp, the largest percentage was observed in the UK, where it increased from 25% in April to 31% on the last day of the study.

In order for the average investor to make the widest financial choice possible, he said, “it is critical that companies take the lead in providing reliable and well-researched educational information.”

According to a statement by Jean-Baptiste Graftieaux, CEO of Bitstamp, despite the recent market difficulties, the most recent Crypto Pulse study reveals that investors still want to learn more about cryptocurrencies.

Retail respondents continued to express greater confidence in cryptocurrencies in the second quarter across most of the Americas.

In fact, among retail respondents, Canada was the only nation where confidence in cryptocurrencies dropped significantly below 50% in the second quarter compared to the first quarter. According to the survey, “confidence in cryptocurrencies remained strong in all other countries of the Americas, at or above 68%, with nations like Brazil at 77%, Chile at 69% and Mexico at 70%.”

In Asia, according to Bitstamp’s survey of participants from Singapore, Australia, Hong Kong, Japan and India, 66% of institutional investors in the area are still actively suggesting cryptocurrencies as investments. However, there has been an increase in those cautiously advising clients to invest in cryptocurrencies, from 14% in the first quarter of 2022 to 18% in the second quarter. However, they are also using the crypto winter as an opportunity to build for the future. When asked about their future plans for cryptocurrency in Singapore, more than a third of the institutions said they were “investing in extending their crypto products (34%) and improving their clientele’s knowledge base (33%).

News summary:

  • Global investor confidence in cryptocurrencies remains high, but education is “essential”
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