Bitcoin (BTC) and cryptocurrencies continue to increase in popularity, while attracting many investors.
There are institutional investors as well as retail investors who invest in cryptocurrencies, and their number is increasing day by day.
According to Finbold's report, institutional investors and asset managers are planning to increase their investments in cryptocurrencies.
According to a new study commissioned by London-based Nickel Digital Asset Management, nearly three-quarters (74%) of institutional investors and asset managers surveyed said they plan to increase their cryptocurrency investments in the next year.
Institutional investors and asset managers in the US, UK, Germany, Switzerland, Singapore, Brazil and the United Arab Emirates participated in the survey.
Nearly 9 out of 10 respondents (87%) found investment opportunities in the crypto sector attractive from a 12-month perspective, while 39% said they found crypto investments “very attractive”.
38% of respondents said their organization has increased its investment in the cryptocurrency sector in the past 12 months.
Commenting on the survey results, Nickel Digital CEO and co-founder Anatoly Crachilov said:
“The stronger year-over-year performance of the cryptocurrency industry and the actions of institutional investors reflect the growing optimism that the crypto market is on a sustainable recovery and offers an opportunity to participate.”
*Not investment advice.