Institutional investors are increasingly looking to move into cryptocurrency investment to grow their revenues in the long term, a new survey revealed.
As many as 62% of global institutional investors with zero exposure to cryptocurrencies like Bitcoin (BTC) said they expect to invest in these for the first time within the next year in a new survey by European investment manager Nickel Digital Asset Management.
According to the survey results, the main reason for institutional investors to invest in cryptocurrencies for the first time is the potential capital increase in the long term, with 47% of respondents citing this factor. 44% of respondents cited growing confidence in crypto as an asset class amid corporates and fund managers increasingly investing in cryptocurrencies.
41% of respondents also indicated that they were willing to invest in crypto for the first time due to improving the regulatory environment, while 34% considered crypto as a good hedge against inflation.
Henry Howell, Nickel’s head of business development mentioned,
“There is no doubt that the crypto assets market is becoming more mainstream in the institutional and wealth management sectors.”
In the month of July, Nickel released a survey recommending that the security of digital asset custodial services was the primary reason fading away institutional investors from moving into digital assets, accompanied by the regulatory environment and virtual asset volatility.
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