A new survey revealed the latest trend among accredited investors in the United States, targeting the decentralized finance (defi) sphere. The study shows that a vast majority of them are likely to invest in defi this year.
70% of the Respondents Already Invested in Bitcoin
According to Xangle, who surveyed 379 accredited investors, 67% of them have some knowledge about defi. Overall, such respondents claimed to have developed a significant interest in the cryptocurrency industry over the past year.
But the higher interest goes beyond the respondents, as 72.2% of them stated they were â€œvery likely to investâ€ in Defi in the next 12 months.
Just 17.5% of the surveyed accredited investors are in the category of thinking that theyâ€™d be â€œsomewhat likely to invest,â€ said the research.
Moreover, the crypto asset disclosure platform found that respondents invest more now than before the coronavirus pandemic. Per the figures, 70% of the surveyed U.S. accredited investors have invested in bitcoin (BTC).
Still, respondents believe there is a lack of regulation regarding consumer protection in the crypto industry, including defi. According to the study, 78% of them think â€œregulators need to protect investors moreâ€
The survey continued:
Bitcoin Remains as the â€˜Top Choice for Future Returnsâ€™
Although there is widespread interest in investing in defi, the survey concluded that bitcoin is still the top pick â€œfor future returns.â€
Xangle explains that if accredited investors had $100,000 to invest but had to leave it for four years, â€œ31.7% would choose Bitcoin while 29% would go into blue-chip stocks as the better investment.â€
Lihan Lee, cofounder of Xangle, commented on the survey:
Xangle took the following guidelines to establish who was eligible for being categorized as â€œaccredited investorâ€ for the survey:
What are your thoughts on the survey? Let us know in the comments section below.
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