Bitstamp: France is the most cautious country in crypto


Bitstamp has published an illuminating study on the level of investor confidence in crypto assets. More than 5,500 institutional decision makers and 23,000 retail investors from 23 countries were surveyed to understand the trajectory of cryptocurrencies in the near future.

Many gold bitcoins.  Cryptocurrency and virtual money concept

You have to learn to be confident

The report states that the level of knowledge about cryptocurrencies directly affects the level of trust. This observation concerns both individual and institutional investors. As soon as these players know more about cryptoassets, they start to trust this new investment class more. This result is even more important because a The direct relationship between trust and adoption.

It is emerging as a cryptocurrency in emerging, unbanked, hyperinflationary economies like India or Nigeria. opportunity to access services similar to the banking solution. It can be seen that the level of knowledge is low in these underdeveloped regions. paradoxically much higherthis encourages trust and therefore their adoption.

In general, there is high confidence in emerging markets and lower confidence in advanced economies.

More trust in crypto than derivatives

It seems that cryptos have a fairly high level of trust: right behind real estate and stocks. Crypto scares retail investors less than more complex products like options or futures. Despite the demonization of crypto, countries USA or Canada has high levels of trust.

France is left behind

Bitstamp reports: Low level of confidence among French investors. This observation concerns both individuals and institutions. This is the country with the least confidence by investors among the 23 countries surveyed. Interestingly, it is also Institutions are the ones with the least knowledge about the ecosystem.

Crypto and editing

At the world level, less than half of the people Survey respondents consider cryptocurrencies to be “regulated.” However, this figure rises more than half in developing economies. In the end, most non-investing people believe that crypto has escaped regulation.

Thus, the epinal image of the “disordered forest” seems to persist. However, while there is no internationally coordinated crypto regulation by the end of 2021, More than 103 countries have developed regulations for financial institutions.

What’s your concern?

For institutions, risk and volatility are the main concerns that follow closely. lack of regulation in the industry and the truth Crypto is very new. This last concern exists especially among French institutions.

Conversely, retail investors mainly lack of knowledge, then at the level of risk exchange. they don’t know what it is exchange to use or what crypto to get. this This is why retail investors seek advice as it can impress crypto novices. Demand is high but support is insufficient.

The survey shows retail investors are looking for guidance from a very traditional source: financial advisors.

Therefore, education should be the central point to increase the use of cryptocurrencies. A more educated investor base is the way digital assets can truly become a part of mainstream finance.

What use cases?

Institutions are increasingly offering crypto to their clients as retail investors start using these technologies much more deeply. For example, participation in loyalty programs rewarded with crypto, don’t stretch even their gaming usage is increasing.

Near 56% Percentage of retail investors surveyed “ Trade » at least once a week or more 73% It plans to increase its investments in the next 5 years. Institutional investors often have the same view.

In addition, many people will be willing to use crypto for consumer spending or donations. No wonder you know that 80% of individuals and 72% of institutions expect crypto to become mainstream. The majority of institutional and retail investors also believe that this will happen in the coming period. Between 3 and 5 years, less than 10% think it will never happen.

The main conclusion of the Crypto Pulse report is that the cryptocurrency is likely to go mainstream. But knowledge is the biggest obstacle to its adoption by the general public. Both retail and institutional investors have reported surprisingly high confidence in cryptocurrencies despite skeptical media coverage. They find it workable and many are excited about the use cases. Yet many don’t know where to start and who to trust.

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Yanis A

Bitcoin changes everything! Having a financial background, I am passionate about everything related to this technology. Every day, I try to enrich my knowledge about this revolution that will bring humanity to freedom.


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