A third of large institutional investors have invested in Bitcoin
Fidelity Investments conducted a survey of nearly 800 clients, including pension, digital and traditional hedge funds. The results indicate a gradual acceptance of the cryptocurrency: 36% of the 774 large institutional investors surveyed in the US and Europe own Bitcoin and other digital assets.
Over the past year, the share of institutional investors who invested in cryptocurrency has increased from 22% to 27% in the US. These include pension funds, digital and traditional hedge funds, investment consultants and other market participants. Among European institutional investors, this figure is higher — 45%. The results confirm the trend of growing interest and recognition of digital money as a new investment asset class.
The increased demand for cryptocurrency among European institutional investors is due to more loyal laws and the prevalence of negative interest rates. Market participants turn to Bitcoin when other assets do not bring income, but the growth of interest in the cryptocurrency is hindered by the volatility of its exchange rate. All of the above can be one of the reasons why the Bitcoin exchange rate can rise to $20,000 by the end of the year.
Have time to buy cryptocurrency at a favorable rate on the P2P Trust website, which supports all popular payment methods.
Fidelity Investments conducted a survey of nearly 800 clients, including pension, digital and traditional hedge funds. The results indicate a gradual acceptance of the cryptocurrency: 36% of the 774 large institutional investors surveyed in the US and Europe own Bitcoin and other digital assets.
Over the past year, the share of institutional investors who invested in cryptocurrency has increased from 22% to 27% in the US. These include pension funds, digital and traditional hedge funds, investment consultants and other market participants. Among European institutional investors, this figure is higher — 45%. The results confirm the trend of growing interest and recognition of digital money as a new investment asset class.
The increased demand for cryptocurrency among European institutional investors is due to more loyal laws and the prevalence of negative interest rates. Market participants turn to Bitcoin when other assets do not bring income, but the growth of interest in the cryptocurrency is hindered by the volatility of its exchange rate. All of the above can be one of the reasons why the Bitcoin exchange rate can rise to $20,000 by the end of the year.
Have time to buy cryptocurrency at a favorable rate on the P2P Trust website, which supports all popular payment methods.