The biggest motivation for Canadians interested in Bitcoin is an investment — as showcased by the choice of over one-third of the 4,996 respondents in the Bank of Canada’s 2022 survey.
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The CFA Institute asked members around the world how they felt about CBDCs. Their responses might surprise the crypto community.
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According to a recent poll from Gallup, nearly half of Americans polled expressed concern about the safety of their money deposited with banks.
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The study featured over 255,000 respondents across 26 countries in four age groups.
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Asia is home to 1.7 billion gamers and contributes over $72 billion in annual gaming revenue making it a critical market according to DappRadar.
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A Pew Research Center analysis shows that not much has changed over the past few years when it comes to U.S. cryptocurrency adoption and confidence.
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The survey also found that 24% of women have allocated more than 20% of their portfolios to crypto.
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Roughly a third of eligible voters in the United States will be “considering crypto policy positions” when choosing candidates in the 2022 midterm elections, according to a new survey.In the results of a 2,029-person survey conducted by The Harris Poll between Oct. 6-11, 57% of likely midterm voters said they would be more likely to vote for a political candidate interested in staying informed about cryptocurrencies, while 38% said they would consider positions on crypto policy when voting in the midterms. The survey, initiated by Grayscale Investments, also suggested crypto regulation was a bipartisan issue, with 87% of Democratic and 76% of Republican respondents saying they wanted clarity from the U.S. government.“Voters and lawmakers alike have been hearing about crypto, and it seems they’ve taken the opportunity to learn about the asset class,” said the Grayscale summary. “Despite political divisions, the survey found broad familiarity with crypto across party lines and a majority of both Republicans and Democrats who agree that crypto represents the future of finance.”“This survey reinforces that #crypto continues to generate diverse, mainstream investor interest and engagement,” said Grayscale CEO @Sonnenshein. Compare your answers with the results here: https://t.co/SLus4nfopk— Grayscale (@Grayscale) November 1, 2022Early voting for the U.S. midterms has already begun in many states, with Election Day set for Nov. 8. The future majority control of both the House of Representatives and Senate hangs in the balance with a number of issues driving many voters to the polls, including abortion, gun control, free and fair elections, and those on the economy — including crypto.Speaking to Cointelegraph, North American head of business development at digital assets platform OSL Jeff Howard suggested that many may consider digital assets as part of financial inclusion efforts, but the space largely wasn’t big enough to appeal to single-issue voters in the United States:“I don’t think crypto has seeped into the psyche of American voters as much yet. In every topic or every issue, you have a hardcore group that supports or a group that is against, but I don’t think crypto in and of itself as a one-issue vote has gotten big enough to matter yet.”Related: Crypto and decentralization could influence voters in 2022 US midterm elections: ReportIn the current session of Congress, 220 representatives in the House caucus with the Democrats, while Republicans hold 212 seats and 3 remain vacant. All 435 House seats are up for election, as are 34 of those in the Senate. Democrats currently hold control of both chambers by a slim majority, giving Republicans a chance to flip both on Nov. 8.
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The United States Securities and Exchange Commission’s (SEC’s) more-than-enthusiastic crackdown on the crypto industry is being seen as a positive signal for the majority of crypto investors, according to a new survey. Around 60% of 564 survey respondents in the latest MLIV Pulse survey from Bloomberg said they viewed the recent flurry of crypto crackdowns as a positive sign for investing in the asset class. Around 65% of retail investors signaled they were “more likely” to invest with “greater enforcement against crypto” compared to 56% of professional investors. Conversely, only 35% of retail and 44% of professional investors said they would be “less likely” to invest as a result of more enforcement action. The U.S. SEC has stepped up its actions over the past months, with high-profile investigations of bankrupt crypto companies Celsius Network, and Three Arrows Capital along with a reported probe into Yuga Labs and the wider nonfungible token (NFT) space.It also famously fined reality television star Kim Kardashian to the tune of $1.26 million for promoting the EthereumMAX cryptocurrency without proper disclosures. The investor sentiment appears to run in contrast to many U.S. lawmakers and crypto industry participants, who have repeatedly criticized the SEC for taking what they call a “regulation by enforcement” approach to cryptocurrencies.Gurbir Grewal, the SEC’s enforcement director said in September it will investigate crypto firms regardless of the narrative that it’s “stifling innovation.”Related: The SEC should be aiming at Do Kwon, but it’s getting distracted by Kim KardashianThe SEC has also boosted its ability to handle specialized issuer filings by adding an Office of Crypto Assets in September purely focused on dealing with crypto asset applications and services.Despite the interest gained from investors by the crypto crackdowns, the market conditions have seen many major cryptocurrencies sit within a tight price band for months and around 43% of survey respondents said they would increase their crypto exposure over the next 12 months.
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The latest survey carried out by Cointelegraph Research among 84 professional investors across the globe revealed that out of $316 billion in assets managed by the respondents, 3.3%, or approximately $10.42 billion, is invested in cryptocurrencies. Some surveyed investors reported over 50% exposure to digital assets, but respondents’ median percentage invested in cryptocurrencies stands at about 3%.The risk-return ratio was the primary consideration when investing in crypto, as 44% of respondents rated this characteristic as “highly important.” Other factors deemed relatively less important were “diversification” and “my company is convinced that the technology will be important in the future.” Download the Institutional Demand for Cryptocurrencies Global Survey 2022 Report on the Cointelegraph Research TerminalMore than just BitcoinAs anticipated, Bitcoin (BTC) comes out on top in popularity since it is held by 94% of institutional investors who own cryptocurrencies. Ether (ETH), however, is close behind with 75%, and security tokens, along with stablecoins, follow with 31% each. Cryptocurrencies are not the only digital assets considered for purchase by institutional investors as some of them plan to add tokenized securities and nonfungible tokens (NFTs) to their portfolios. Another attractive sphere for institutional investors is metaverse platforms, as projects in the sector have already attracted $120 billion in investments in 2022. According to McKinsey, 59% of consumers are excited about transitioning their daily activities to metaverses. The industry as a whole is expected to reach a market impact of $5 trillion by 2030.Institutional investors opt for crypto funds and derivativesDespite preferring direct investments in crypto to investment funds and structured products, most institutional investors gain exposure to digital assets via passive funds, such as Grayscale’s Bitcoin Trust. Overall, yearly inflows into cryptocurrency trusts reached $9.3 billion in 2021, but a plunge in crypto prices in 2022 put strong pressure on the share prices of these funds, with passively managed ones taking the most beating.Apart from acquiring shares of actively and passively managed funds, institutional investors get involved in the crypto derivatives market thanks to high liquidity. Spot markets offer a fifth to an eighth of the liquidity of derivatives markets for Bitcoin and a quarter to a fifth for Ether. Professional investors seem to be more interested in the latter asset, as its options open interest ($5 billion) recently surpassed that of Bitcoin’s ($4.8 billion).Liquidity risk worries investors the mostLiquidity risks turned out to be the strongest obstacle to crypto adoption as 51% of respondents marked them as highly important. The more volatile the asset, the less conservative investors want to hold it on a balance sheet. In spring 2021, Tesla sold off some of its Bitcoin holdings to demonstrate to shareholders the liquidity the asset had. This went a long way in showing not only Tesla shareholders — but the rest of the equity markets as well — that holding digital assets, such as Bitcoin, could have its advantages.For access to research and databases, visit the Cointelegraph Research TerminalCybercrime and fraud risks along with operational risks follow suit, a major change compared to the results of the survey by Cointelegraph conducted in 2020 when regulatory risks were perceived as the most severe. They are, however, still a significant obstacle, preventing one out of four professional investors from buying Bitcoin, according to the survey’s results.This article is for information purposes only and represents neither investment advice nor an investment analysis or an invitation to buy or sell financial instruments. Specifically, the document does not serve as a substitute for individual investment or other advice.
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The ongoing cryptocurrency winter has had little to no impact on global trust in crypto, this was the conclusion reached new study commissioned by Bitstamp exchange.Despite the downward market, global trust in cryptocurrencies like Bitcoin (BTC) remains mostly unshakable, Bitstamp said in its latest Crypto Pulse report. The study is based on a survey conducted by an independent research firm and involves 28,000 retail and institutional investors in 23 countries, Bitstamp said.The survey suggests that the percentage of global retail investors who find crypto trustworthy has slightly dropped from 61% in Q1 to 65% in Q2 2022. The survey signaled a similar trend among institutional investors as 67% of respondents deemed crypto trustworthy in Q2 versus 70% in Q1.“Considering that in Q1 we were entering a crypto winter, these numbers are inspiring and speak in favor of the industry’s resilience,” Bitstamp analysts noted.The crypto trust percentage has varied from country to country, with the United States seeing the single biggest increase in trust, from 61% in Q1 to 73% in Q2, according to the report. In contrast, Canada was the only country that saw trust in cryptocurrency dip below 50% in Q2. Trust in crypto also remained high in countries like Brazil, Chile and Mexico, with trust percentage accounting for 77%, 69% and 70%, respectively.“We can see that crypto has, for the most part, maintained the trust of many investors and institutions across the world during a difficult time for the sector,” Bitstamp said. In the meantime, some fluctuations in trust in certain countries are certainly to be expected, the firm noted, adding:“Although trust in crypto has declined slightly in some regions, investors are taking this time to either increase their investment or expand their knowledge of crypto. We believe that improving the market’s knowledge about the digital assets ecosystem is a move in the right direction.”Bitstamp CEO JB Graftieaux added that the crypto winter will provide an opportunity for both retail and institutional investors to build for the future.Related: 62% of wallets did not sell Bitcoin for a year amid the bear market: DataAs previously reported by Cointelegraph, the current bear crypto market is associated with an ongoing crisis of cryptocurrency lending, with major lenders like Celsius halting withdrawals amid liquidity issues in June. The crypto winter is also largely linked to issues of algorithmic stablecoins after the TerraUSD Classic (USTC) stablecoin lost its United States dollar peg in May.
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Cryptocurrency adoption in Russia has not been moving too fast as an overwhelming majority of Russians have apparently not ever bought crypto, according to a new survey.Switzerland-based cryptocurrency wallet provider Tangem has conducted a poll to learn more about cryptocurrency investors in Russia, local news agency Kommersant reported on Thursday. As many as 72% of the 2,100 respondents in the survey claimed that they have never bought cryptocurrencies like Bitcoin (BTC), which leaves Russian crypto investors in a significant minority.At the same time, just 9% survey participants indicated that they were negative toward cryptocurrencies while 45% of respondents said they had a positive attitude towards digital currencies, with the remaining 46% being neutral.According to the survey, the “ability to earn” was the biggest positive thing about crypto investments, with 44% of respondents choosing to invest in crypto due to this factor. On the other hand, the “absence of physical backing” was indicated as the most concerning point, with 68% of respondents saying that they didn’t want to buy crypto because of this reason.Despite the vast majority of Russians apparently snot being introduced to crypto investments, many are considering potential investments. 31% of respondents indicated that they were ready to buy crypto in the next six months, while 40% claimed they were still uncertain about any potential investments in crypto. Just 30% of participants said they didn’t plan any crypto purchases in the near future.Russia’s low crypto adoption rate comes in line with a low level of awareness and crypto education. According to Tangem’s data, only 6% of respondents were found to have good knowledge of crypto, while 80% were only familiar with the term.According to estimations by InDeFi CEO Sergey Mendeleev, the number of active and passive crypto users in Russia currently amounts to less than 1% out of the total 144.4 million population. He said this is likely due to an absence of legal methods to buy or sell crypto in Russia as well as the risk of funds being blocked by banks.Related: Pro-Russian groups raised only 4% of crypto donations sent to UkraineOn the other hand, some experts believe that Russians have been turning to crypto due to foreign currency restrictions by the Bank of Russia. TerraCrypto founder Nikita Vassev reportedly said that many Russians have been taking cash out of the country using stablecoins and Bitcoin and then cashing out in countries like Georgia or the United Arab Emirates.Earlier this year, the Kremlin reportedly estimated that Russians owned about $200 billion worth of crypto by late 2021. Another survey last year suggested that 77% of Russian investors preferred Bitcoin to gold and forex.
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