Analysts at Economist Impact believe that more and more investors see digital currencies as a useful tool for portfolio diversification.
The Economist magazine published the results of a study on the degree of consumer confidence in digital payments and on the barriers that prevent the transfer of their funds into digital assets. The report compares the trends of previous surveys on the same topic in 2020 and 2021.
The study involved 3,000 respondents, half of whom live in developed countries such as the US, France, Singapore, the UK and South Korea. The other half were from developing countries – Brazil, Turkey, Viet Nam, South Africa and the Philippines.
About 75% of participants had higher education and actively used digital methods of payment for goods or services. The survey was conducted in two stages, the second was attended by 150 institutional investors and people associated with corporate governance. This gave an idea of the attitude of representatives of the traditional financial system towards the subject of research.
A large proportion of investors (85%) agreed that open source cryptocurrencies such as Bitcoin (BTC) and Ether (ETH) are useful as a diversifier in an investment portfolio or treasury account. Investors confirmed that demand for all crypto assets, including central bank digital currencies (CBDC) and enterprise blockchains, has grown significantly over the past three years.
According to the report, the growth of the Web3 industry and various projects in the metaverse is able to increase demand: 74% of respondents agreed that non-fungible tokens (NFTs) are a new asset class that more organizations are paying attention to. Also, about 65% of company executives who participated in the survey believe that the digital currencies of the Central Bank will replace fiat currencies in their countries.
Last week, the CEO of venture capital fund Brevan Howard, Alan Howard, said he invests in different types of crypto assets in order to get the highest return with minimal risk.
