The view of many institutional investors has changed and they now look favorably on cryptocurrencies, survey reveals. 78% of respondents have a favorable view on Bitcoin, 77% on Ethereum.
The Covid pandemic has undoubtedly changed us all. Many, in fact, completely changed the way they work, or switched to very different jobs, or looked for new ways to invest. The same thing happened to entrepreneurs, according to a survey conducted by Nickel Digital digital technologies are these electronic tools that have the ability to generate, store or even process data. Asset Management and shared by the medium Finbold.
The survey, of institutional investors and financial managers who together manage approximately $108.4 billion in assets, found that since the coronavirus epidemic began, “43% say they now have a much more positive view of cryptocurrencies, and 35% say they have improved their view somewhat.”
The research done Nickel Digital Asset Management, a London-based digital asset hedge fund manager founded by senior traders and investment professionals, also revealed that 78% of investors currently have a favourable or constructive view of Bitcoin, and only 9% have a negative opinion. In reference to Ethereum, the values are 77% positive and 7% negative.
Nickel Digital’s Director of Institutional Sales, Fiona King, said:
Many cryptocurrencies have been performing well since the Coronavirus crisis began. Since January 1, 2020, the value of Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. and Ethereum a decentralized open-source blockchain with smart contracts functionality. have increased by 460% and 1812%, respectively.
Assumism, he added:
“Cryptomarkets and digital markets have also matured a lot, providing greater custodial custodial cryptocurrency businesses are the ones that are in possession of their customers’ funds for the duration of the use of their services. and liquidity how easily a cryptocurrency can be bought and sold without impacting the overall market price. services, for example. There is still a long a situation where you buy a cryptocurrency with the expectation of selling it at a higher price for profit later. way to go, especially in the area of regulation, but the market an area or arena, online or offline, in which commercial dealings are conducted. will continue to evolve and grow and, as this happens, long-term perceptions of cryptocurrencies and digital assets will improve further, and professional investors will increase their interest. allocation allocation is the allotment of equity or tokens that may be earned, bought, or reserved for a specific team, group, investor, institution, or another similar entity. to them.”
58% see strong capital capital is most commonly defined as the large sum of money you would use to invest. growth in crypto
The survey included participants identifying their top three reasons for taking a more favorable view of cryptocurrencies since the pandemic began.
On that, 58% of professional investors highlighted significant capital growth, followed by 53% who said numerous cryptoassets and digital assets have shown attractive diversification diversification is a risk-management strategy that mixes a wide variety of investments within a portfolio. advantages compared to traditional asset classes.
Survey participants also cited better custodial services as one of the top three reasons for becoming more optimistic about cryptocurrencies, while 41% also highlighted rising market capitalization and its favorable influence on liquidity as a factor.
The study’s findings are based on online interviews with 50 wealth managers and 50 institutional investors in the US, UK, Germany, France and UAE, conducted in November 2021.
En 2018, Nickel announced the raising of USD $50 million for its crypto investment fund. .
Sources: Finbold, archivo
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