Institutional Investors Predict Digital Asset Trading Will go Mainstream Soon

There is still a long way to go before cryptocurrencies and digital assets become commonplace. Although there have been times when this situation seemed to improve, the lengthy bear market will have eroded a lot of goodwill in this regard. New research by Global Blockchain Business Council shows there is still a bright future ahead for trading digital assets in the next two years.

The Future of Digital Asset Trading

Even in 2019, a lot of people seemingly confuse cryptocurrencies and digital assets for being two concepts of the same breed. That is not entirely accurate, even though some digital assets and cryptos can be traded intermittently. Even so, there is a bigger chance digital assets will go mainstream in terms of trading compared to Bitcoin and altcoins.

A new report by the Global Blockchain Business Council seems to confirm as much. Their recent survey indicates investors have high hopes for the next few years. One in five respondents expects digital assets to be regularly traded in 2021. That is quite a positive outlook, although one that may prove difficult to achieve. It mainly depends on which types of digital assets one is talking about, and whether or not they are paired to cryptocurrencies in terms of trading pairs.

Even if this were not to happen in the next two years, there is a growing belief such a development is inevitable. In total, nearly seven in ten investors expect digital assets to be commonly traded in the next ten years at the latest. Such overwhelming support and belief is rather telling, although it remains up to regulators and market participants to make it happen. There is still a small group of investors who worry institutional investors will never partake in digital asset trading.

GBBC CEO Sandra Ro adds:

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“It is generally expected that by 2027, 10% of the world’s GDP will consist of crypto or digital assets. This will represent trillions of dollars in assets, and traders and investors are increasingly keen to capitalise on this. However, before its potential can be truly realised, there needs to be a stronger regulatory environment, which governments and regulators seem committed to deliver.”

As is always the case with research on this scale, the sample pool of respondents quite limited. More specifically, PollRight interviewed 71 institutional investors from around the world. As such, these statistics only represent the expectations of a minority of people when looking at the bigger picture. That doesn’t mean this vision will not necessarily come true, but one has to keep in mind these investors are not necessarily representative of the rest of the industry.

The future of finance may very well hinge on exposure to alternative assets and currencies. Whether or not that means there is a future for digital assets or even cryptocurrencies, is a different matter altogether. Until regulators put together detailed and viable guidelines in this regard, no real changes should be expected.  

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

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