According to an economist poll, investors’ perceptions of cryptocurrency are improving.

According to an Economist survey on consumer trust in digital currencies, investors regard cryptocurrencies as becoming more valuable as their portfolio diversifies.

According to research released by the Economist, cryptocurrency adoption has a bright future ahead of it, with poll respondents expecting more demand in the near future.

The findings of Economist Impact’s ‘Digimentality Report,’ which looked at consumer trust in digital payments and the roadblocks that have delayed the digitization of core monetary tasks, were released. As it compares patterns from prior polls on the issue conducted in 2020 and 2021, the data gained provides fuel for thought and perspective.

A consumer study of 3,000 customers was conducted in early 2022, with half of the respondents from developed economies such as the United States, the United Kingdom, France, South Korea, Australia, and Singapore. Respondents from emerging nations such as Brazil, Turkey, Vietnam, South Africa, and the Philippines made up the other half.

Around 75% of the participants had a tertiary degree or above and had paid for products or services using a range of digital payment methods. The last section of the poll included 150 institutional investors and corporate treasury management respondents, providing insight into the traditional financial system’s opinion on the topic.

Investors agreed that open-source cryptocurrencies like Bitcoin (BTC) or Ether (ETH) are valuable as a diversifier in a portfolio or treasury account, which was a major takeaway.

This was shared by 85 percent of respondents, while nine out of ten institutional investors and corporate treasury respondents said demand for all cryptocurrencies, including CBDCs and enterprise blockchains, has surged in the last three years.

According to the paper, the emergence of Web3 and several Metaverse projects may boost this requirement. Nonfungible tokens (NFT) are an emerging asset class that businesses expect to buy and trade, according to 74% of respondents.

Another hot topic was central bank digital currency (CBDCs), with a rising proportion of customers anticipating their governments or central banks to create a workable CDBC system by 2025. CBDCs are expected to replace actual fiat currency in 65 percent of the CEOs polled.

The major impediment to institutional investors and corporate treasuries embracing cryptocurrency has been identified as legislation. Market trust or understanding of the space was noted by 35 percent of respondents as an impediment, down from 47 percent in the 2021 poll.

This reflected Treasury Secretary Janet Yellen’s opinions on digital asset policy and regulation, which she expressed in May 2022. Financial education and technology resources were among the limitations she identified as restricting access to cryptocurrencies.