Recent poll of retail and institutional investors shows many are building up for the next rise of cryptocurrencies
Global investors appear to be building up their cryptocurrency assets ahead of the next bull run according to a new survey.
It found that trust in cryptos among more than 28,000 retail and institutional investors in 23 countries was generally steady in the second quarter of 2022 (65% of retail and 67% of institutional investors said cryptos were trustworthy) compared to the first quarter (67%).
However, in Canada, trust among retail investors dipped below 50%, the only country in the Americas to do so. In Mexico (70%), Brazil (77%), and Chile (67%) there was little change quarter-over-quarter, while the United States posted the largest increase in trust (from 61% in Q1 to 73% in Q2).
The Bitstamp Crypto Pulse Q2 survey also reveals that across Canada and the US 44% of retail investors said they don’t know enough about cryptos to invest.
Those who said they were somewhat knowledgeable about cryptos were five times more likely to say the digital assets were trustworthy than those who had limited knowledge.
Institutional knowledge
Knowledge among institutional investors increased too with 61% saying they were very knowledgeable about cryptos in Q2 compared to 49% in Q1.
“However, we need to acknowledge that general understanding of crypto among retail and institutional investors alike has plenty of room for improvement as many potential investors expressed their lack of knowledge,” the report said.
The share of respondents who said they were investing or trading cryptos on a daily or weekly basis increased to 60% globally in Q2 from 56% in the previous quarter.
