Bitcoin will take over the financial market in 10 years, according to investors

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  • Bitstamp reported that 80% of respondents believe that these coins will take over the traditional financial market in 10 years.
  • About 29,000 investors worldwide participated in the first Bitstamp adoption report.
  • Bitstamp stated that it detected a high level of trust among investors towards Bitcoin and other cryptocurrencies as asset classes.

This Tuesday, April 26, the cryptocurrency exchange Bitstamp published its first report on the global adoption of Bitcoin and other cryptocurrencies. In the said report, he highlighted that 80% of the investment firms surveyed affirmed that Bitcoin and other digital currencies will take over the financial market in 10 years.

The survey conducted by Bitstamp gathered around 29,000 participants globally, with 5,502 institutional investment decision-makers and 23,113 retail investors from 23 countries in North America, Latin America, Europe, Africa, the Middle East and Asia-Pacific, the cryptocurrency company said.

According to Bitstamp, during this measurement, they explored attitudes, applications and ambitions around Bitcoin and other cryptocurrencies, in the short and medium-term. From the information obtained, the cryptocurrency exchange detected the belief that within ten years the adoption of Bitcoin and other cryptocurrencies will be widespread.

In this regard, Bitstamp noted that “there is an overwhelming belief in the potential of cryptocurrencies, with the majority of respondents believing that cryptocurrencies will outperform traditional investments within a decade”. Bitstamp noted that survey participants see cryptocurrencies as a payment alternative in emerging economies, even considering that they “could provide a viable alternative to fiat money in certain developed markets.”

After the survey was carried out, the Bitstamp team presented the results obtained, highlighting among them that “80% said that cryptocurrencies will outperform traditional investment vehicles in this period of time ”, referring to a decade.

On the other hand, Bitstamp also noted that “88% of institutional respondents and 75% of retail investors believe that cryptocurrencies will see mainstream adoption within a decade”. Likewise, Bitstamp reported that “67% of surveyed retailers think that cryptocurrencies are a reliable investment, while only 11% said that cryptocurrencies are not reliable.”

Among the investors surveyed, Bitstamp detected a high level of trust towards Bitcoin and other cryptocurrencies as an asset class. In this regard, Bitstamp reported that “71% of investment professionals and 65% of retail investors say they trust cryptocurrencies.”

In addition, Bitstamp also mentioned other types of digital assets and currencies, such as Non-Fungible Tokens (NFT), the so-called “stablecoins” or tokens anchored to fiat currencies such as the dollar and commodities such as gold; and the Central Bank Digital Currencies (CBDC). Bitstamp also allegedly found significant trust levels in these “relatively new digital assets”.