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over the last few months, we've seen many  cryptocurrency exchanges release reports  about the current state of the crypto  market and what comes next  bitstamp recently released a crypto  report of its own which included  thousands of individual and  institutional investors making it one of  the most comprehensive cryptos reports to  date  today I'm going to give you a bit of  background about bitstamp's crypto  report tell you what it says about the  crypto market and what it all means for  the future of cryptocurrency,

  before we look at any stats I need to hit you with some facts I am not a  financial advisor so I can't tell you how to get fat stacks all I can do is provide educational content to help you with that for any further assistance contact a financial advisor stat.

 I  want to start with a bit of background about bitstamps crypto report this is because bitstamp isn't exactly your average cryptocurrency exchange for starters bitstamp was founded by two bitcoin ogs in 2011 and its operations were limited to Europe and the UK until fairly recently as far as I can tell bitstamp was one of the first if not the first cryptocurrency exchange to implement KYC  way back in 2013 and this made it particularly attractive to institutional investors in the region bitstamp's commitment to following regulations seems to have put it in direct competition with the Gemini.

 a cryptocurrency exchange in the united states which has the quote mentality and ethos of asking for permission not forgiveness from regulators case in point bitcoin managed to poach one of Gemini's top executives in 2020  to become bitstamp's new CEO  in 2021 bitstamp also hired other top executives from Barclays bank and amazon to fill its coo and CFO seats respectively after announcing its expansion into the united states last may bitstamp managed to get its hands on Kraken's CEO to become the CEO of bitstamp USA  Kraken is another top crypto exchange, by the way,  earlier this year the CEO of bitstamp  USA stated that the exchange was exploring offering stock and not trading which would put it in direct competition with ftx us as it's also looking to offer stock trading.

  now as far as I can tell bitstamp's recent crypto report is a continuation of the exchange's hyper-competitive behavior that's because Gemini recently released its own incredibly comprehensive crypto report which I covered in another video that's in the description for you to watch later now what's interesting is that Gemini's crypto report was the first of its kind and this is also the case with bitstamps crypto report, in other words, they're t   first of many comprehensive cryptos reports to come from both exchanges this is significant.

 because the competition between bitstamp Gemini and other crypto exchanges means the quality of these crypto reports is likely to increase substantially as time goes on bitstamp has definitely raised the bar with its recent report that's because not only did it include 23 000  individual investors in 23 countries but also because the survey includes five and a half thousand institutions the report is titled quote bitstamp crypto pulse crypto to overtake traditional investments and this barely scratches the surface of all the cool stuff the authors found so without further ado sit back relax watch and listen while I unpack this crazy crypto report as always I'll give you my thoughts as we go along so it stamps crypto report begins with a  brief forward by bitstamp CEO Julian sawyer who makes a very good point and that's that we must stop referring to d5  NFT stablecoin and other crypto niches as just crypto.

 because each one comes with its own unique risks benefits and characteristics  Julian goes on to say that the key to crypto adoption is trust and although regulations do increase trust among some investors they're not enough because the quote we need to create trust in the assets themselves, Julian, therefore, proposes creating crypto-specific rating agencies for different assets and crypto companies and argues that this is the key to making crypto bigger than the traditional financial system he stops short of saying that bitstamp itself will seek to offer crypto rating services but something tells me that this is now on its roadmap this, of course, begs the question of how objective these crypto rating agencies will be.

 I suppose that's a bridge we'll have to cross when we come to it anyways the next page offers a brief introduction to the report and repeats that it used data from over  000 individual and institutional investors as part of its analysis the authors specify that the purpose of the report is to assess how much investors trust cryptocurrency and this is again because trust is the key to adoption the authors also put bitstamp's competitive spirit on full display by noting quote the survey was conducted in march 2022 making it the most up-to-date relevant survey in the world I interpret this as a not so subtle dig at Gemini's crypto report the data for which was collected between November  2021.

 and February this year the ironic thing is that Gemini's methodology was arguably more thorough as its data collection took place while the crypto market was crashing by contrast the crypto market was looking like it was on the road to recovery in march which might have influenced the answers of some of bitstamp's survey participants so keep that in mind as we go along by the way you can find out what cryptos are best to hold during a bear market by using the link in the description anyways the first part of but stamps crypto report gives a detailed breakdown of the parties that took part in the survey the authors explain that quote we surveyed only those retail investors who had heard of cryptocurrency before.

 even if they knew very little meaning they didn't survey any retail investors who already hold cryptocurrency now this is in stark contrast to most crypto studies which typically include only retail investors who hold cryptocurrency and this is usually a  consequence of the sample the entity conducting the survey has access to an exchange that surveys its users, for example,  most of them probably hold crypto it seems to be a different story for the institutional investors however as the authors note that quote we spoke to investment professionals who own or control the cryptocurrency strategy for their companies and for their clients this suggests they surveyed institution investors who already hold cryptocurrency though this isn't entirely clear given this cohort it's no surprise that the male to female split for retail investors was about 50 50 because that's consistent with the general breakdown of gender in most countries.

  the same goes for the institutional investors more or less what caught my eye on the institutional side was that nearly 30 percent of them work in investment banking and nearly half of the participants were c-suite meaning CEOs cos and cos and so on the second part of bitstamp's crypto report examines the knowledge and trust levels retail and institutional investors have when it comes to crypto and they seem to be evenly matched regarding knowledge around 82 percent of retail investors consider themselves to be very knowledgeable about crypto whereas 77 of institutional investors consider themselves to be very knowledgeable about crypto.

  in terms of trust around 67 percent of retail investors trust crypto whereas around 70 of institutional investors trust crypto note that this is pretty damn high all things considered oddly enough the authors conclude that having lots of knowledge about crypto correlates with trusting crypto even though this relationship isn't all that apparent based on the data I just mentioned the authors elaborate by explaining the knowledge and trust relationship is most apparent in developing countries where people don't have access to traditional financial services not having access to traditional financial services results in more knowledge about alternatives.

 such as cryptocurrency which translates to more trust in the technology this makes perfect sense and is consistent with the findings from Gemini's crypto report as well as many other crypto reports as you can see the country with the highest level of trust in cryptocurrency is none other than Nigeria and a recent crypto report by the kucoin cryptocurrency exchange found that this was mainly because of the lack of access to traditional financial services in the country conversely the country with the lowest level of trust in crypto is France which explains why crypto didn't play a major role in France's recent elections and why the French don't seem to be worried about the fact that their re-elected president is a huge fan of central bank digital currencies.

  you can find out why central bank digital currencies are a cause for concern using the link in the description anyhow the authors then examine the different levels of knowledge and trust in cryptocurrencies for retail and institutional investors by country and this is where the correlations between the two become abundantly clear starting with institutional knowledge of cryptocurrency about half of the respondents in most countries say they know little or nothing about cryptocurrency interestingly almost no institutional investors in the UAE and the UK said they know very little about cryptocurrency meaning they know a lot about it it looks like institutional investors in most countries are somewhat knowledgeable or very knowledgeable about cryptocurrency with the only outlier being France questionable.

  it's a similar story when it comes to retail knowledge of cryptocurrency with about 50 percent of retail investors in most countries saying they don't know much about it interestingly a lot fewer than 25 of retail investors in japan and the united states know very little about cryptocurrency which again means they know a lot about crypto it looks like most retail investors know a lot about cryptocurrency regardless of the country with the only outlier again being France more about the french in a  moment now the next topic the bitstamp report tackles is the perception of crypto regulation among retail and institutional investors and the authors break down crypto regulations into three categories regular cryptocurrencies stable coins and nuts.

 now I must admit that I was a bit shocked to see that roughly 50 of both retail and institutional investors think crypto-stable coins and NFTs are regulated I  don't know about you but I have yet to hear of any comprehensive regulations about any of these niches in most countries this might have something to do with the fact that knowledge of cryptocurrency doesn't seem to correlate to knowledge of cryptocurrency regulation at least from the national vantage point the authors then pivot to analyzing the top barriers to investing in cryptocurrency for institutional investors and retail investors and I  can't say I'm all that surprised by the results institutional investors are intimidated by the high risk and high volatility of most cryptocurrencies and are also concerned about the lack of regulation of the crypto industry notice.

 how institutional investors in France say they don't invest because crypto is quoted too new shack shows on something while retail investors are likewise intimidated by the risks associated with cryptocurrency their number one barrier to entry is that they don't know enough to get started and the french flag is in full view on that factor I guess that explains it then now if you feel that you fall into that category 2 be sure to check out my video about cryptocurrency for beginners that will be in the description anywho the third part of bitstamp's crypto report covers how crypto is being used by crypto holders or would be used by would-be crypto holders the authors start by saying that most institutional investors are starting to recommend crypto to their clients with  72 percent saying that they plan on increasing their crypto exposure.

over the next five years meanwhile many retail investors have expanded their use of crypto beyond speculative investing with roughly the same percentage saying they want to increase their crypto allocations funnily enough the authors include buying crypto with another crypto as something that's unrelated to trading with 50 percent of retail respondents saying they did just that I imagine these kinds of transactions related to decentralized exchanges and the like but this is again not very clear in second place we have crypto transfers to other individuals at around 42  followed by participating in loyalty rewards programs at around 31  staking at around 31.

 blockchain gaming at almost 29  the authors also note that almost 60  percent of retail investors started investing in crypto over the last two years something that is again consistent with the findings of other crypto reports as well as a poll I recently ran on Twitter almost 40 of institutional investors started investing in crypto over the last two years as well by the way when it comes to what else respondents are doing with crypto or could see themselves doing with it 50 said that shopping online buying groceries eating out buying a car and donating to charity are all on the table.

 I  digress the authors also note that 80 of retail respondents and over 70 of institutional respondents believe crypto will go mainstream in the next 10 years though I  would say this is already happening I guess that puts me in the bucket of respondents who say that crypto is already mainstream which includes 14 of retail investors and almost 12 percent of institutional investors the fourth part of bitstamp's crypto report zooms in on the regional differences in crypto knowledge and trust here the authors reveal that their participant pool included 6 000 retail investors and over 1 000 institutional investors in the UK and EU and reiterate that most investors in that region are at the lower end of the curve.

 in terms of crypto knowledge and trust interestingly there seems to be a gap in crypto trust between institutional and retail investors in most countries that make up the region though both sit close to 50 percent as far as the authors are concerned the solution, in this case, is crypto education as well as reasonable crypto regulations but given the headlines we've seen coming out of Europe about crypto regulation these days I'm starting to become skeptical as to whether such a thing as reasonable regulation can be achieved there next, the authors revealed their participant pool included over 5000  retail investors and over 1200  institutional investors in Latin America  Africa and the middle east which is an admittedly small sample size given the size of these regions even.

so it was enough of a sample to show that trust in crypto in these regions is incredibly high with around 75 percent of institutional and retail investors in most countries saying they trust crypto this might have something to do with the fact that institutional and retail investors in those regions also have incredibly high levels of crypto knowledge close to 80 percent on both fronts to be exact I couldn't help but notice that the country with the highest level of crypto knowledge.

 in these regions is Argentina this would explain why the IMF made the deterrence of crypto adoption a part of its loan agreement with the country in march it also supports my theory that Argentina will be one of the next countries to adopt bitcoin as legal tender and you can find out what other countries are on the list using the link in the description now back to the report the authors then moved the spotlight to North America where they revealed that their participant pool included over 2  000 retail investors and over 500  institutional investors from Canada and the united states.

 the level of trust in crypto by individuals and institutions in Canada and the united states is about the same at around 60 which is only slightly above the average trust in crypto from their cousin countries in the UK and EU  this is again reflected in the slightly higher levels of knowledge of cryptocurrency for retail and institutional investors in the region at around 62 percent and 66 respectively finally the authors turn to countries in the Asia-pacific region where they managed to tap over 1200 institutional investors and over 5 000 retail investors.

as part of their study,  the trust in cryptocurrency in this region is much more scattered for both institutional and retail investors with japan being on the low end and India being on the high end in both cases what's strange is that the trust level seems to be lagging behind the levels of knowledge of cryptocurrency in the region which are comparable to those of Latin America Africa and the middle east as far as I understand the authors attribute this discrepancy to the more conservative cultures of countries in Asia pacific bitstamp's crypto report concludes with a short section.

about the future of cryptocurrency which is of course mainstream adoption as the authors point out however quote knowledge is the key barrier holding back mainstream adoption naturally the authors paint bitstamp as the crypto company that's championing the cause of crypto education and detail three ways in which the exchange will achieve its educational aims first it will continue to publish these kinds of comprehensive crypto reports to keep the crypto world informed as to the progress of crypto knowledge trust and adoption or lack thereof second it will work directly with retail and institutional investors to make sure they have the quote right knowledge when it comes to cryptocurrency and third it will bring other crypto companies and exchanges together to quote create a global perspective on regulations through collaboration with authorities and establish the kinds of crypto rating agencies.

 I was talking about earlier to achieve quote sound governance now this reminds me of something that I  discovered while doing research for my article about cryptocurrency and esg which is that institutions seem to be more concerned about the fact that they can't control cryptocurrencies like bitcoin the way they can companies on issues of an environmental nature, in any case, there's no question that bitstamp's observation of knowledge driving trust and adoption by extension is accurate the correlations are as clear as day the real question then is what causes retail investors and institutional investors to want to learn about cryptocurrency in the first place the absence of financial services seems to be one factor.

 but obviously, this is a  factor that's only present in select countries and it's not exactly one that you'd want to impose on investors so that they can learn about cryptocurrency speculation seems to be another factor and that's certainly the driving factor behind the desire to learn about cryptocurrency in many developed countries as we've seen with countries such as France however speculation isn't always enough to encourage investors to learn about cryptocurrency speculation also isn't a very big factor when the crypto market is crashing.

 if anything it seems to significantly dampen the desire to learn about crypto this leaves one last factor and that's well for fun recall that almost 30 percent of crypto investors report using crypto in a  blockchain game of some kind this suggests that a third factor driving the desire to learn about cryptocurrency is stuff that's not necessarily related to finance at all and this seems to be the case the nft and metaverse niches have arguably been the biggest drivers of interest in cryptocurrency over the last year.