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Deloitte’s Survey Paints a Bright Future for Crypto

The results of a recent survey by Big Four accounting firm Deloitte suggest that most finance professionals believe that digital currencies are the future of money.

According to a report by Decrypt, Deloitte’s 2021 Annual Global Blockchain Survey found that 76% of finance professionals believe digital assets will serve as a “strong alternative to, or outright replacement for” fiat currencies within the next five to ten years.

The Big Four accounting firm, which rivals KPMG, EY and PwC, has conducted its annual blockchain survey for the last four years. The most recent iteration was the first to address how the commercial landscape would be changed by blockchain. 

The report claims more than 1,000 finance professionals were surveyed from Brazil, China, Hong Kong, Japan, Singapore, South Africa, United Arab Emirates, United Kingdom and United States.

73% of respondents said their business should adopt blockchain and digital assets and risked losing a competitive edge by failing to do so, while 81% claimed that digital asset technology is “broadly scalable and has achieved mainstream adoption.” 

Deloitte’s survey asked the financial professionals to predict the future of cryptoasset adoption, with 43% of respondents saying their business would use crypto as a form of payment and 45% saying they would tokenize their assets. 

Disclaimer

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.