US financial advisors expect an increase in the proportion of crypto holding customers by 60 %-Finance

Von Krypto News Österreich

According to the results of a new survey, the number of financial advisors who are currently advising crypto holding customers will probably double from currently two out of ten or 20 % to 44 % by the end of 2022.

Only four percent assume that the number of crypto holding customers will decrease

According to a new study, the number of financial advisors in the United States, who are currently advising their customers on crypto stocks, is expected to double in 2022. According to the study, which surveyed in the USA, this predicted increase in the number of consultants to 44 % in accordance with their expectation that probably more customers (about 33 %) will become the owner of crypto by 2022.

as they show according to the 153 responded Forecast survey 2022 from Arizent Research, around 60 % of the financial advisors expect the number of crypto holding customers to rise. And since only 4 percent of the respondents expect a decline in this number, the study results indicate that customers' demand does not allow for cryptocurrencies.

other competitive threats

Rather, the results show that cryptocurrencies that are now extensively treated by the financial press, "they are a big issue in investor circles." According to the study report, however, this increase in the popularity of the cryptocurrency has expanded the list of the concerns of the banks, which already includes the threat of fintech and payment companies and the digital US currency discussed. The study report explains:

Only four out of ten banks will see their investments in conventional credit cards with loyalty and premium functions in the next three years. This could be a reflection of other competitive threats for credit cards, such as: B. digital payment alternatives such as PayPal and Venmo as well as initiatives of the Federal Reserve.

This is also one of four banks that are a real possibility of a competition threat by consumer banks in initiatives of the US Federal Reserve "such as FedNow-Echtahrungen, an alternative to conventional transfers and oh transfers" sees a "digital dollar" currency as a further possible competitive threat viewed.

In the meantime, the study found that the possibility that large technology companies penetrate into the financial services industry is a main concern for banks and insurers. As the data show, about "six out of ten digital insurers fear that these advances are a threat to the competition".

On the other hand, almost half of all banks expect "or 47 %that Big Tech becomes a big competitor within three years". The results also show that regional banks are most concerned with 64 %.

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Terence Zimwara

Terence Zimwara is an award -winning journalist, author and writer from Zimbabwe. He wrote in detail about the economic problems of some African countries and how digital currencies Africans can offer an escape route.












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