A new survey suggests that investors around the world are clinging to their belief in crypto assets despite this year’s steep market decline.
According to Bitstamp’s latest Crypto Pulse survey, which interrogates over 28,000 retail and institutional investors from 23 countries, the overwhelming majority of countries in the Americas maintained their strong outlook towards crypto assets.
“Canada is the only country to have seen confidence in cryptocurrency drop slightly below 50% in Q2 compared to Q1 among retailers surveyed. All other countries in the Americas saw trust in cryptocurrency remain high at or above 68%, with countries like Brazil at 77%, Chile at 69%, and Mexico at 70%.
The United States posted the largest increase in confidence, rising from 61% in the first quarter to 73% in the second quarter, along with a further 44% increase in the number of retail respondents who said they currently invest in the cryptocurrency, rising from 42% to 61% quarter over quarter.
Investors from Europe and Asia-Pacific have also shown confidence in the nascent asset class. According to the survey, European retail investors who consider crypto to be trustworthy fell slightly from 54% to 52% while 66% of institutional investors in Asia-Pacific said they would recommend digital assets to their clients.
The report finds that overall, global markets appear mostly unfazed by this year’s long-running crypto bear market, which saw the industry’s total market capitalization drop below $900 billion to a low. given time.
“Despite the downward trend in the market, the results show that global confidence in crypto remains unshakable. The percentage of retail investors globally who believe crypto is trustworthy fell slightly from 67% in Q1 to 65% in Q2. There was a similar decline among institutional investors: 67% still rate crypto as trustworthy compared to 70% in Q1.
Considering that in the first quarter we were entering a crypto winter, these numbers are inspiring and speak for the resilience of the industry… Although confidence in crypto has declined slightly in some regions, investors are benefiting from this time to increase their investment or deepen their knowledge of crypto”.
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