Retail investors warm to crypto

Retail investors are not cowered by the wild and volatile nature of cryptocurrencies, according to a World Economic Forum (WEF) survey.

In fact, most retail investors believe that the stocks and bond markets are “arcane” and that as such, they offer little opportunity to people who are looking to invest in the future.

BNY Mellon and Accenture have collaborated with WEF on the study, which saw 29% of investors say that they did not understand the nascent cryptocurrency market. While 40% of investors said that they didn’t understand stocks or bonds.

The survey found that 70% of all retail investors were under the age of 45. Commenting on the results, WEF investing lead Meagan Andrews said: “With global adoption and trading volumes of crypto rising substantially over the last few years, there has been a lot of buzz about it, which is likely influencing investors’ product awareness.”

At the same time, there is less news and information flowing about traditional financial mechanisms, perhaps contributing to lower awareness.

The cryptocurrency market has been able to reach to as much as $3tn in 2021, but this is still just a fraction of the equity market which is sitting at $124.4tn, WEF said.

However, retail investors are now a force to be reckoned with, not least thanks to the pandemic which prompted them to seek out platforms such as Robinhood which introduced them to fractional ownership of stocks and made investing simple for many..

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Updated: 08/04/2022 — 18:00