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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 obstacles that prevent them from transferring their funds to digital assets. The report compares the trends of previous surveys on the same topic for 2020 and 2021.
The study involved 3,000 respondents, half of whom live in developed countries such as the United States, France, Singapore, the United Kingdom and South Korea. The other half were from developing countries – Brazil, Turkey, Vietnam, South Africa and the Philippines.
About 75% of the 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 to the subject of study of representatives of the traditional financial system.
The majority 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 over the past three years, the demand for all crypto assets has grown significantly, including central bank digital currencies (CBDCs) and enterprise blockchains.
According to the report, the growth of the Web3 industry and various projects in the metaverse has the potential to increase demand: 74% of respondents agreed that non-fungible tokens (NFTs) are a new asset class that more and more organizations are paying attention to. Also, about 65% of the heads of companies participating in the survey believe that the digital currencies of the Central Bank will replace fiat currencies in their countries.
Last week, brevan Howard venture fund CEO Alan Howard said he invests in different types of crypto assets to get the most profit with minimal risk.
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