Most of the crypto investors surveyed by Bloomberg are in favor of the regulation of the digital asset industry

About 65% of retail investors consider it necessary rather than harmful to regulate the cryptocurrency industry when buying digital assets. The same opinion is shared by 56% of professional investors who are ready to invest in cryptocurrencies, despite the aggressive initiatives of regulators.

This is evidenced by the results of a study conducted by Bloomberg MLIV Pulse. A total of 564 respondents took part in the survey.

Many of the respondents noted that they regard the recent wave of lawsuits regarding cryptocurrency projects as a positive signal that can positively affect the volatility of digital assets.

“I voted yes because professional investors need a regulated environment. Recent events show that everything is moving towards this, and this opens the door for us. The more investors can earn from cryptocurrencies, the more they can bring to traditional finance,” said Chris Gaffney, president of global markets at TIAA Bank.

In addition, most of the respondents expect that the first crypto coin in the near future will be traded in the range between $17,600 and $25,000, although in the middle of summer, analysts predicted that Bitcoin would fall to $10,000. Only a third of respondents admit that Ethereum will overtake BTC in terms of market capitalization in the next 2 years.

Billionaire Frank Giustra, who suggested that the US authorities intend to develop jurisdiction for their own blockchain, is not so optimistic.

“I think the US authorities really want to be ahead of the planet in terms of blockchain, but not in bitcoin, but in a state-owned digital currency that they can completely control. Therefore, they are going to create their own central bank digital currency. Like all other states, they do not need Bitcoin competition. Therefore, I see Bitcoin as a game against sovereign fiat money,” Giustra said.

According to the billionaire, the first crypto coin will not be able to resist world governments, as it carries a certain threat to state digital currencies.

Do you agree with the opinion of the billionaire?