A study of Dutch financial conglomerate ING Group has established that the interest in the cryptocurrency must rise at least twice.
A survey conducted among 15 000 citizens of the United States, Australia and 13 European countries showed that, despite the low number of investors in the European region, there is reason to believe that their number will increase:
“66% of Europeans surveyed have heard of the crypto currency. Less than one in ten people (9%), invested in the cryptocurrency. In addition, 16% plan to purchase digital assets in the future, suggesting that the growth of interest in more than two times. Given that a third of Europeans (34%) have not heard of cryptocurrencies, the potential increase can even exceed expectations”.
Also about a third of respondents from Europe (35%) called cryptocurrency “the future of online payments”. 30% of respondents suggested that could use digital currency to pay for purchases from international suppliers. At the same time, about half of the Europeans are not willing to switch to new payment methods; some of them agreed that they would use digital currencies for a single payment.
15% of Europeans said that would be considered wages in bitcoin or Althing.
Specialist ING behavioral studies Jessica Exton (Exton Jessica) believes that a gradual increase in interest in crypto-currencies is inevitable. His position, she explains:
“Cryptocurrency for many remains an abstract object of investment, but perhaps contrary to assumptions, the demand for the digital currency will be much more. From our survey results it follows that the number of owners of cryptocurrency in the future can grow more than doubled — although we can’t give an exact date”.
Economist developed markets at ING Goltermann Jonas (Jonas Goltermann) stressed that such a scenario will have negative implications for traditional financial institutions:
“The impact of cryptocurrencies for the global economy is still limited, and, at least from the point of view of monetary policy and financial stability, national banks are showing more curiosity than concern, regarding cryptocurrencies. Our study showed that this may change as many are willing to consider cryptocurrencies as investment destinations. If it really happens, we would recommend that policymakers take a closer look at these tools and their impact on the rest of the economy”.
The growing interest may also be affected by the lower volatility and the growth of quotations of cryptocurrency. In the case of bitcoin, experts argue that its cost may increase due to the arrival on the market of exchange-traded funds specializing in BTC.
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