PreviouslyPreviouslyA survey by DeloitteThe results show that it has become common for traditional asset management companies to embrace digital assets. Yesterday, another research institution from the UK verified this conclusion again: Nickel Digital is a digital asset hedging company founded by former Goldman Sachs and JPMorgan Chase investors. they recentlyFor asset managers and institutional investorsWe conducted a survey, found that more than half of them plan to increase their investment in crypto assets between now and 2023, with more than a quarter of respondents saying they will significantly increase this proportion.

The most chosen reason for entry by the respondents is that people are increasingly accepting digital assets, that is, they have expectations for the long-term value-added prospects of encrypted assets.

The sample of this survey includes 23 asset management companies (a small number), and they manage assets of 66.5 billion US dollars (the asset management scale is not small). Of the 23 managers, 9 said they have more confidence in digital assets and 9 said the regulatory environment is improving. Among concerns, 16 banks cited a lack of liquidity and transparency in the crypto market. While this is a smaller sample size survey, it is very similar to the conclusions reached by Deloitte (the Deloitte survey had a much larger sample size of 1,280 managers).Just yesterday (August 24), the Leviathan of American bankingCitigroup (Citigroup) insider revealed: Once regulatory approval is obtained,Citi to start trading bitcoin futures on CME

. Apparently, they saw a surge in customer demand for Bitcoin, and the price of Bitcoin also rose back to around $50,000. Citi is also reportedly building a crypto-focused team in London. This is entirely in line with a May 2021 report from the Financial Times, which said Citigroup was considering adding crypto trading or custody. So at an institutional level, the picture is already clear. But what about ordinary people? What do they think about encrypted assets?Take UK citizens for example, who have some concerns about government-backed digital assets. political websitePolitico vs.2,500 UK adultsconducted a survey on their attitudes towards central bank digital currencies (CBDC). The results show that,Less than a quarter (only 24%) said they believed a CBDC would have a positive impact on society

. In contrast, a total of 30% think it will do more harm than good to the UK; 73% are concerned about cyber attacks or hackers destroying the CBDC; 70% are concerned about privacy breaches; 66% are concerned about the expansion of government power; 45% % of people worry about environmental issues... This also shows that people do not really understand how CBDC works, because most CBDC designers do not follow Bitcoin's POW consensus mechanism. In fact, the Bank of England said this summer that a CBDC could help the UK economy become zero carbon. Clearly, the Bank of England has a lot of work to do if they want to engage their citizens.Then turn your attention to India and look at the adoption of encryption technology.In India, the number of young people investing in stocks and cryptocurrencies is on the rise, especially outside the big cities.

According to data from the BSE stock exchange shared by The Economic Times, the number of new user registrations on the crypto and stock brokerage platform increased by 45% to reach 70 million users. 60% of new users registered by a brokerage firm come from what they call “tier 2” and “tier 3” towns, up from 30% 8 months ago; The monthly growth of users is 135%; CoinDCX, which has become an encrypted unicorn, said that in the past 6 months, the registered users of users from these second- and third-tier cities have increased by 48.7 times.A 25-year-old full-time medical consultant explains motivation this way: "If you want to be rich, a single source of income is not enough, you should have a passive income that is more than your active income to cover your expenses. Here is The freedom that investing (crypto assets) affords.” Another 22-year-old talked about it in the context of the pandemic: “After the coronavirus pandemic, everything is chaotic outside and finding a job is not easy. I can't stand working eight hours a day for someone else. I'd rather be financially independent based on my education and skills." Clearly,The role of the pandemic in advancing crypto adoption is undeniable.Many young people in second- and third-tier cities have lost their jobs. But there is also a larger macro context, namelyFiat currencies devalued due to government intervention

, which means that the appreciation of crypto assets has indeed looked like a good bet in the past year. The pessimists argue that trading stocks and crypto as a career is not sustainable for a country of 1.33 billion people. A less cynical view is that it is difficult for ordinary people to achieve financial freedom quickly, and to learn more, they will participate in economic activities on a deeper level.Next, let’s talk about vertical track NFT and DeFi.Visa recently announced the purchase of CryptoPunk 7610 for $150,000 and released a white paper related to NFT

, the news sparked an absolute frenzy. CryptoPunk hit $86 million in sales yesterday, a daily sales record for the company CryptoSlam, and has already hit $332 million in sales for the month of August. The previous peak was in July, with about 135 million users. The average price of a Punks this month is about $200,000, double what it was last month. But an interesting question is, to what extent is this acceptable to the average person? And not just a show off by the crypto rich. Quite a few people on Twitter, not just Bitcoiners, basically think that Punks and Bored Ape etc are just new status symbols for the crypto rich - even though there are many ways to show how much money you've made in crypto assets, But that's obviously a very different "manifestation". NFT can serve as a bridge for these "cultural projects", linking technology and art, etc.ChainAnalysis released a report called "Global DeFi Adoption Index" yesterday. This analysis used three indicators to rank 154 countries: 1. The amount of on-chain cryptocurrencies received by DeFi platforms; 2. Total retail value , that is, the transaction value below $10,000; 3. The amount of personal deposits on the DeFi platform. On-chain transaction volume is adjusted for purchasing power parity per capita. The data in this report show thatThe current growth of DeFi is largely driven by North America and Western Europe. This is not surprising. Now, that's a pretty broad description, and I'm not sure country adoption is the real metric to use to understand how much of DeFi is driven by retail investors and crypto whales. But the Chainalysis report reinforces the idea that。

Severe technical barriers make DeFi relatively independent in the encryption fieldLet’s talk about Bitcoin in the last part,Michael Saylor (CEO of Microstrategy) bought another $177 million worth of bitcoins, 3,907 bitcoins to be exact, at an average price of $45,294 each.

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