Crypto Trust Remains Strong Despite Bear Market: Bitstamp Survey
Despite the market downturn, global confidence in cryptocurrencies like Bitcoin remains mostly unshaken, with countries like the United United showing more confidence in crypto in Q2.< /p>
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The current cryptocurrency winter has had little to no impact on global confidence in crypto, a new study commissioned by Bitstamp Exchange concludes.
Despite the market decline, global confidence in cryptocurrencies like Bitcoin (BTC) remains mostly unshaken, Bitstamp said in its latest Crypto Pulse report. The study is based on a survey conducted by an independent research firm and involves 28,000 retail and institutional investors in 23 countries, Bitstamp said.
The survey suggests that the percentage of global retail investors who deem crypto trustworthy fell slightly from 61% in Q1 to 65% in Q2 2022. The survey reported a similar trend among institutional investors, as 67% of respondents deemed crypto trustworthy in Q2 compared to 70% in Q1.
“Given that in Q1 we were entering a crypto winter, these numbers are inspiring and speak for the resilience of the industry,” Bitstamp analysts noted.
Percentage of trust in crypto varied across countries, with the US seeing the largest increase in trust, rising from 61% in Q1 to 73% in Q2, according to the report . In contrast, Canada was the only country to see cryptocurrency confidence drop below 50% in the second quarter. Trust in crypto also remained high in countries like Brazil, Chile, and Mexico, with the percentage of trust standing at 77%, 69%, and 70%, respectively.
“We can see that crypto has, for the most part, maintained the confidence of many investors and institutions around the world during a tough time for the industry,” Bitstamp said. In the meantime, some swings in confidence in some countries are certainly to be expected, the firm noted, adding:
“Although confidence in crypto has declined slightly in some regions, investors are taking this time to either increase their investment or deepen their knowledge of crypto. We believe that improving market knowledge ab . ..
Despite the market downturn, global confidence in cryptocurrencies like Bitcoin remains mostly unshaken, with countries like the United United showing more confidence in crypto in Q2.< /p>
New
The current cryptocurrency winter has had little to no impact on global confidence in crypto, a new study commissioned by Bitstamp Exchange concludes.
Despite the market decline, global confidence in cryptocurrencies like Bitcoin (BTC) remains mostly unshaken, Bitstamp said in its latest Crypto Pulse report. The study is based on a survey conducted by an independent research firm and involves 28,000 retail and institutional investors in 23 countries, Bitstamp said.
The survey suggests that the percentage of global retail investors who deem crypto trustworthy fell slightly from 61% in Q1 to 65% in Q2 2022. The survey reported a similar trend among institutional investors, as 67% of respondents deemed crypto trustworthy in Q2 compared to 70% in Q1.
“Given that in Q1 we were entering a crypto winter, these numbers are inspiring and speak for the resilience of the industry,” Bitstamp analysts noted.
Percentage of trust in crypto varied across countries, with the US seeing the largest increase in trust, rising from 61% in Q1 to 73% in Q2, according to the report . In contrast, Canada was the only country to see cryptocurrency confidence drop below 50% in the second quarter. Trust in crypto also remained high in countries like Brazil, Chile, and Mexico, with the percentage of trust standing at 77%, 69%, and 70%, respectively.
“We can see that crypto has, for the most part, maintained the confidence of many investors and institutions around the world during a tough time for the industry,” Bitstamp said. In the meantime, some swings in confidence in some countries are certainly to be expected, the firm noted, adding:
“Although confidence in crypto has declined slightly in some regions, investors are taking this time to either increase their investment or deepen their knowledge of crypto. We believe that improving market knowledge ab . ..
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