According to a Crypto Pulse survey of 28,000 institutional and retail investors from 23 countries, the crypto winter has not dampened Americans’ interest and trust in the cryptocurrency sector. Bitstamp, a cryptocurrency exchange based in London, spearheaded the study.
In the United States, 61% of retail respondents said they planned to invest in cryptocurrency in the second quarter of 2022. According to the survey, this represents a 44% increase from the 42% who invested in cryptocurrency in Q1.
The country’s trust in cryptocurrencies increased from 61% in the first quarter of 2022 to 73% in the second quarter. According to the survey, trust in cryptocurrency fell below 50% in Canada in Q2.
Trust in cryptocurrencies remains high in South America, with 77% in Brazil, 69% in Chile, and 70% in Mexico.
Despite the surge in retail investor interest in crypto and the high level of trust, respondents from the United States and Canada believe there is a need for more crypto and blockchain education.
According to the survey, 44% of retail respondents in the United States and Canada said they don’t know enough about cryptocurrency to begin investing. Despite the crypto market downturn, institutional interest in cryptocurrency remains high.
In the United States, 69% of surveyed institutions recommend cryptocurrency to their clients, while 78% do so in Mexico. According to the survey, 72% and 71% of institutions in Brazil and Argentina, respectively, recommend cryptocurrency.
Globally, however, both institutional and retail investors’ trust in cryptocurrencies has dipped slightly.
Retail investors’ trust in cryptocurrencies fell from 67% in Q1 to 65% in Q2, while institutional investors’ trust dropped from 70% to 67% in Q2.
Nonetheless, the global number of retail respondents who invest in crypto or trade on a daily or weekly basis increased from 56% in Q1 to 60% in Q2.
According to the survey, one in every four institutions intends to make cryptocurrency their primary source of investment.
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