A new study from Deloitte has shown that crypto-assets have established themselves in the investor market. But the fronts between supporters and opponents have hardened. Each group claims to judge the situation correctly. In the crisis, the supporters are more convinced than ever, the opponents see their criticisms confirmed.
The crypto industry has made global headlines several times over the past few months. Ongoing price declines were also an issue, as was the recent bankruptcy of crypto exchange FTX. According to the Deloitte study, two groups were formed in public.
Anyone who has already gained experience stays with us
Anyone who has ever invested in cryptocurrencies is apparently accustomed to high volatility and remains calm. Investors believe in digital currencies and see high profit potential in them.
Opponents of crypto-currencies, on the other hand, see their criticisms and their balance sheet confirmed. They see no reason to change their minds and would like to keep their distance from Bitcoin and Co. in the future. This is especially true for investors who have not yet gained experience with crypto assets.
One in two managers sees a serious form of investment
The result of this study is based on a survey of Austrian executives. But despite all the criticism, cryptocurrencies have taken hold in Austria. What many initially described as short-term hype has now become a serious form of investing. This is the opinion of 57% of executives. 32% continue to describe crypto as short-term hype.
Thus, an all or nothing mentality emerged. Those who were or are already there will stay, those who are kept at a distance would like it to continue like this in the future. 78% of respondents consider the attractive return as the main motivation for investing in crypto. However, a third view Bitcoin and Co.’s high resource consumption as problematic.
Three-quarters of skeptics want nothing to do with it
90% of investors among Austrian executives would like to continue investing in digital currencies. All others, however, remain skeptical. Nearly three-quarters of crypto naysayers can’t imagine investing here in the next five years.
Rarely have policymakers been so at odds over whether it is worth buying new cryptocurrencies or not. It almost speaks to a matter of faith. The lack of durability, which many cryptocurrencies certify, is also likely to be the reason for rejection. Additionally, allegations of fraud and cyber threats are among the most frequently cited reasons for rejection.
Higher risk promises higher returns
High energy consumption, according to repeated rumors, plays a major role. This applies especially in the context of a global energy crisis and ever-increasing climate change.
In addition, three-quarters of respondents acknowledged the higher risk of these investments. But that’s exactly where they see the attraction. You are aware of the comparatively higher risk of securities and real estate, but you also see the possibility of higher price gains. However, the executives interviewed also see it as a great opportunity to improve the image of cryptocurrencies as an asset class.
More than half were in favor of tougher regulations. According to her, a predictable and reliable procedure on the part of the authorities would be useful in laying the foundations for sound decision-making.
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