Crypto Gains Trust Of 80% Institutional Investors Over Traditional Finance: Survey

Institutional investors are showing interest in cryptocurrencies and a new survey has revealed that 80% of them believe that crypto has the potential to overtake traditional investment vehicles.

A survey by crypto trading platform Bitstamp released Monday further said that 70% of institutional investors said crypto was a trustworthy investment, with 68% actively recommending this asset class in investment strategies.

A total of 28,563 respondents from 23 countries across North America, Latin America, Europe, Africa, the Middle East, and Asia-Pacific were surveyed.

“88% of institutional respondents and 75% of retail investors believe that crypto will see mainstream adoption within a decade,” the survey said.

Of the retail respondents, 54% believed that crypto will overtake traditional currencies within 10 years, the company added.

Moreover, the survey also found that the level of trust in crypto as an asset class is also increasing.

While “67% of retail respondents believe crypto is a trustworthy investment,” the survey further revealed, "70% of institutional investor respondents said that crypto was a trustworthy investment, with 68% actively recommending crypto in investment strategies."

Several prominent investors have recently shown increasing interest in investing in cryptocurrency. Prominent investor Kevin O’Leary has predicted that trillions of dollars will flood into crypto from institutional investors.