Asian Investors Have a Better Disposition to Crypto than Europeans and Americans, Fidelity Survey finds
A recently published survey backed by Fidelity Digital Assets Investments has showcased that Asian investors have a more positive disposition when compared to their European and American counterparts.
The survey involved 1100 respondents bordering on Financial Advisors, High Networth Individuals, and Crypto Hedge Funds or Venture Capital Funds. The respondents were profiled across each of the regions.
Per the survey result, there was a growth in the adoption rate of digital assets across the United States and Europe for two consecutive years, beginning in 2019. The adoption rate in the US grew from 22% in 2019 to 27% in 2020. Meanwhile, the European adoption rate in the past year came in at 45 Percent and has increased to 56% this year. Per the data published, Asian investors were profiled for the first time this year, and the results showed that the adoption rate this year, which was pegged at 71%, was greater than both the US and Europe.
“We were not surprised to learn that Asia has the most institutional investors with allocations to digital assets of those surveyed. Historically, Asian investors have had a more positive view of digital assets and were early adopters of more traditional digital payments. For example, in China, a projected 32.7% of point-of-sale payments are made via mobile, double the UK (15.3%) and US (15.0%), according to OMFIF,” the Survey report reads.
The survey also showcased that about 44% of the investors said that the advent of the COVID-19 pandemic stirred the interest to bet on digital assets. This became necessitated as the pandemic fueled the increased inflation of the economy as trillions of Dollars were injected as palliative funds into the economy. In general, the survey highlighted that about 70% of all the survey participants say that they are currently invested in digital assets.
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