- 40% of Crypto investors plan to increase their crypto holdings
- Nickel Digital Asset Management organized the survey.
- Only 1% are planning to sell their whole holdings.
According to a new survey, the hedge fund executives, wealth managers, and institutional investors who already holding the crypto belongings plan to increase their holdings.
Moreover, London-based crypto fund Nickel Digital Asset Management organized the survey. The survey declared that 82% of the 100 investors and wealth managers expected to increase their exposure to crypto assets between 2021 and 2023.
Henceforth, the research conducted online in May and June. The research surveyed 50 wealthy managers and 50 institutional investors with previous exposure to digital assets spanning the U.S., U.K., France, Germany, and the UAE.
More so, nearly 40% noted that they will dramatically increase their holdings. Only 7% stated that they have planned to reduce their exposure. And only 1% are planning to sell their whole holdings.
Hence more, Nickel stated,
“In most cases, institutional investors with crypto holdings have very low levels of exposure as many have just been testing to market to see how it works”.
Accordingly, 58% of the respondents, the main reason given for investing more in crypto assets is the long-term capital growth prospects revealed by the survey.
Even more, with a huge market flop, Bitcoin (BTC) has still made 18% so far this year. And Ethereum is up a massive 215% since January 1.
Nearly 38% of the survey said some exposure to digital belongings gave them more confidence in the asset class. And 37% mentioned more leading companies and fund managers investing in digital assets, as a reason to invest more.
Furthermore, Nickel Digital Co-founder and CEO, Anatoly Crachilov stated, “Our analysis at the start of June this year revealed. 19 listed companies with a market cap of over $1 trillion had around $6.5 billion invested in Bitcoin. Having originally spent $4.3 billion buying the cryptocurrency”.
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