All bitcoin fans? – Studies on the great appetite institutional investors for Bitcoin and cryptocurrencies follow and look alike. We knew from a previous investigation that those who are nicknamed the “zinzins” have already planned their crypto purchases so as not to miss the next bullish cycle. And a new survey led by the giant Fidelity Investments indeed shows that institutional investors are mostly optimists for the crypto-asset market.
Crypto Adoption Is Happening Among Institutional Investors Too
Fidelity Investments is a colossus with $4.5 trillion of assets under management. Its subsidiary Fidelity Digital Assetsfounded in 2018, specializes in investing in cryptocurrencies.
The firm conducted a survey between January and June 2022, with 1,052 institutional investors. These were split between the United States (410), Europe (359) and Asia (283). First, it turns out that these very wealthy investors have largely already invested in digital assets.
The institutions interviewed are indeed already 58% at have bought cryptocurrencies during the first half of 2022. In Asia and Europe, they are even 69% and 67% respectively (compared to 42% in the USA). And when asked about their future intentions: 74% say want to invest in the cryptosphere.
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The “zinzins” already have Bitcoin, but want more!
While institutionals were 45% to have a perception positive of crypto-assets in a similar survey in 2021, they are now more than half, 51%to be confident for the sector.
As always, the « principal obstacle » city that slows down the zinzins remains volatility crypto-asset prices. The latter is indicated by half respondents. Then come the risks of securitythe risks of manipulation market, and the complexity/concerns regulatory. All cited by at least a third of the interviewees.
“Increased adoption reflected in data [de ce sondage] signals a strong first half for the digital asset industry. Although the markets have faced headwinds in recent months, we believe that the fundamentals of digital assets remain strong. And the institutionalization of the market in recent years has positioned it to withstand recent events. »
Tom Jessop, president of Fidelity Digital Assets.
If the three quarters of these wealthy investors are eager to buy Bitcoin or other cryptocurrencies, the slightest bullish spark could promise a nice surge in resumption of classes. Obviously, this will also depend on the macroeconomic factors, the strength of the dollar in particular, as well as geopolitical conditions. If these factors settle downthe zinzins are there in ambush, all ready to buy the cryptos.
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