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Nearly half of financial experts believe that over the next 12 months, Bitcoin (BTC) will be the most effective asset. This is evidenced by the results of a survey of the analytical company Chainalysis.
Chainalysis interviewed 350 financial professionals,including the leaders of banks, financial institutions and regulatory authorities, at the 19th annual ACAMS conference, which was held in Las Vegas from September 24-25, 2019.
48% of financial experts believe that bitcoinwill be the most effective asset next year. A third of respondents said that the stocks will show the highest growth. The rest put on fixed income investments and real estate - 13% and 5% of respondents, respectively.
Despite the recognized value of bitcoin, 78%Interviewees said that less than half of their retail customers operate with cryptocurrencies. 25% of financial specialists noted that from 1% to 10% of clients carry out transactions with cryptocurrencies, and a third of respondents said that not one of the clients works with cryptocurrency at all.
“Many financial professionals understand that cryptocurrency provides a huge investment opportunity, but institutional people are hesitant to enter the market due to potential risks”“Said Michael Gronager, co-founder and CEO of Chainalysis.
“Blockchain analysis can help institutionalclients and exchanges to track transactions and identify criminal activity. The integration of these tools will allow the financial sector to reduce existing risks, as well as provide banking services to the cryptocurrency business. ”
Nearly 40% of experts named “risk managementillegal activity ”is the main reason that prevents them from working with cryptocurrency. Lack of government support and regulatory uncertainty have also been cited as reasons why respondents do not work with cryptocurrency.
70% of respondents believe that in the next 5-10 yearsa global digital currency will appear. More than a third (37%) believe that the United States will control this currency, and 21% of respondents put on China.