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SALT Survey Finds Regulatory Framework Both a Challenge and an Opportunity for Crypto Industry

SALT, a global thought leadership forum focused on innovation and investing, announced the results of its survey featuring crypto market sentiments from over 225 investors and builders in the blockchain, digital assets and web3 space. The survey sought to capture attendees’ views around key themes of the inaugural Crypto Bahamas, which was held in partnership with FTX.

The survey explored attendees’ views on key themes of the conference agenda. Attendees, which included both decentralized finance (DeFi) and traditional finance (TradFi) leaders, were bullish on crypto.

  • The majority (70%) of respondents shared that they plan to increase their exposure to crypto at least 25% through the end of the year.
  • Nearly 7 in 10 respondents (69%) believe that Bitcoin will go above $50,000 by the end of 2022.
  • As for the next jump in crypto adoption, respondents suggest games (32%), followed by NFTs (28%) and DeFi (26%) are areas to watch.

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When asked what the most positive impact on institutional crypto adoption over the next year will be, 60% of respondents cited clarity around regulatory framework, followed by Spot ETF approval (15%) and devaluation of fiat currency (13%).

That said, when asked what is most likely to hinder crypto adoption, 55% also cited regulatory uncertainty, followed by security breaches (17%), lack of belief in the utility of the blockchain (11%) and volatility (11%).

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“Crypto Bahamas created momentum around the important discussion of the institutional adoption of crypto, but we’ve really just scratched the surface in educating and advancing the conversation and these investments,” commented Anthony Scaramucci, Founder of SALT and SkyBridge Capital. “Regulation is the single most influential aspect around the advancement and adoption of crypto. Now, it’s up to regulators to act.”

The first event hosted as part of SALT and FTX’s new multi-year partnership, Crypto Bahamas was an invitation-only conference featuring collaboration and networking among leading players in the crypto and traditional finance industry. The event convened roughly 2,000 global investors and builders in the blockchain, digital assets and web3 space for four days of content that covered topics related to Bitcoin, DeFi, NFTs, regulation, web3, gaming and more. Notable speakers and panels included:

  • Crypto State of the Union with Sam Bankman-Fried, CEO of FTX, Katie Haun, Founder and CEO of Haun Ventures and author Michael Lewis;
  • Investing in Crypto: How Digital Assets Fit Into Modern Portfolios with Mike Novogratz, Founder and CEO of Galaxy Digital, Cathie Wood, CEO and CIO of ARK Invest and CNBC reporter Kate Rooney;
  • Winning with Tom Brady, 7-Time Super Bowl Champion, Co-Founder of Autograph, BRADY & TB12;
  • The Boomers Are Coming: How Crypto is Transforming Wall Street with Kevin O’Leary, Chairman of O’Leary Ventures, Jeremy Allaire, Co-Founder, Chairman and CEO of Circle and Anthony Scaramucci, Founder and Managing Partner of SkyBridge Capital; and
  • The World Today with The Right Honorable Tony Blair and President Bill Clinton.

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[To share your insights with us, please write to sghosh@martechseries.com]

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