A survey by Nickel Digital Asset Management shows that 82% of institutional investors and wealth managers are planning to increase their cryptocurrency exposure between now and 2023.

The survey reportedly asked institutional investors and wealth managers from the U.S., U.K., France, Germany, and the UAE who currently have exposure to cryptocurrencies and digital assets about their crypto investment strategies. It was conducted between May and June.
According to the results, 82% of respondents expect to increase their crypto exposure between now and 2023.
40% said they will dramatically increase their crypto holdings, 7% said they would reduce their exposure, and 1% said they would sell their entire holdings of crypto assets.
Responding to the question about their future crypto investment plans, 58% of respondents said that the main reason for investing is long-term capital growth prospects. Meanwhile, 38% said confidence in the asset class, and 37% said more leading corporates and fund managers investing in crypto assets. Moreover, 34% said an improved regulatory environment will be a key factor in increasing their crypto allocations.

Anatoly Crachilov, co-founder and CEO of asset management firm Nickel Digital, was quoted by Institutional Asset Manager as saying: “The number of institutional investors and corporates holding bitcoin and other cryptoassets is growing and their confidence in the asset class is also increasing.” He elaborated:

Many of those professional investors with holdings in crypto assets are looking to increase their exposure … These trends will continue to expand.

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

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

Bitcoin News
News, crypto asset survey, crypto survey, cryptocurrency survey, institutional investors, Survey, wealth managers

shutterstock 1930096286 E70I5D

Nigerian Central Bank Wants Financial Institutions to Develop Products Based on Its CBDC

The Central Bank of Nigeria has said it wants players in the country’s payment industry to develop and help introduce products based on its central bank digital currency, the e-naira ...
Read More
shutterstock 1254046900 AvhSW0

Study Finds Most Popular Cryptocurrencies With Russian Social Media Users

In a year with rising crypto prices, online chatter devoted to cryptocurrencies has increased significantly. Research carried out on Russian social media has identified the most talked about coins and ...
Read More
shutterstock 1018406887 ENtmd6

Immersion Cooling Gets Attention From Miners Wanting to Squeeze More Power Out of Equipment

Bitcoin mining companies are now increasingly experimenting with immersion cooling, a form of cooling that allows them to get more hashpower out of existing miners. According to industry insiders, this ...
Read More
zztoppp777890 lNjZXt

Political Cartoonist Accuses NFT Platforms Opensea, Rarible of Being ‘Tools for Political Censorship’

While non-fungibe token (NFT) collectibles have been very popular, NFTs have brought a slew of unique debates to the table and one of them has been censorship. The artist behind ...
Read More
Share with Others