Poll – Bitcoin News

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A survey by Nickel Digital Asset Management shows that 82% of institutional investors and wealth managers plan to increase their exposure to cryptocurrencies by 2023.

The survey reportedly asked institutional investors and wealth managers in the United States, United Kingdom, France, Germany and United Arab Emirates who are currently exposed to cryptocurrencies and digital assets about their strategies for investing. investment in crypto. It took place between May and June. According to the results, 82% of those surveyed plan to increase their crypto exposure by 2023. 40% said they would significantly increase their crypto holdings, 7% said they would reduce their exposure and 1% said they would sell all of their holdings. crypto assets. Responding to the question about their future crypto investment plans, 58% of those surveyed said the main reason for investing is the prospects for long-term capital growth. Meanwhile, 38% said they have confidence in the asset class and 37% said more top companies and fund managers are investing in crypto assets. Additionally, 34% said an improved regulatory environment would be a key factor in increasing their crypto allocations. Anatoly Crachilov, co-founder and CEO of asset management company Nickel Digital, was quoted by Institutional Asset Manager: “The number of institutional investors and companies holding bitcoins and other crypto-assets is increasing and their confidence in the asset class is also increasing. “He elaborated:

Many of these professional investors holding crypto assets are looking to increase their exposure… These trends will continue to expand.

The CEO noted that the trend is “driven by several factors, including strong market performance during the Covid-19 crisis, more established investors and businesses endorsing the market, and improved infrastructure and regulatory framework of the sector ”.

What do you think of the 82% of institutional investors surveyed who plan to increase their exposure to crypto? Let us know in the comments section below.

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