According to a Nickel Digital survey, over 85% of institutional investors holding cryptocurrencies plan to increase investment in cryptoassets over the next two years.
A survey conducted by London-based cryptocurrency fund Nickel Digital Asset Management in January 2021 included 50 asset managers and 50 institutional investors from Germany, Switzerland, the United States and the United Kingdom, managing a total of $ 110 billion in assets. (Read more:Vitalik Buterin has x100 scaling solution for ETH in 2021)
Most of those surveyed said they expect significant increases in the price of Bitcoin and other cryptocurrencies in the next few years. 21% of investors said Bitcoin will continue to grow sharply in 2021, but 56% believe it will grow marginally.
The ability to generate higher returns from investing in bitcoin was a key factor in investing in cryptoassets for the respondents. 40% consider Bitcoin as a tool to protect against inflation and currency depreciation.
“There is also growing optimism about improving the sector’s infrastructure. This will lead to the fact that more large investors will enter the market, ”said Anatoly Krachilov, co-founder and CEO of Nickel Digital, in a press release.
Krachilov warned that the infamous volatility of BTC is likely to persist, but this behavior is expected from the new technology early in its implementation. “The price movement for such assets should never be in a straight line,” he said.
“Only professional investors with a long-term position should have access to this asset class,” Krachilov said, adding that they would also need “high risk tolerance”.
Investment bank Goldman Sachs also recently released the results of a survey of its clients about bitcoin and digital assets, according to which investors are optimistic about the rise in the price of cryptocurrencies.
