According to a study by the holding company Fidelity Investments, 80% of institutional investors consider digital assets to be an attractive investment option, and more than a third are already working with them..
From November 2019 to March 2020, 774 organizations worldwide were surveyed. 36% of respondents said they have already invested in digital assets or derivatives. For European institutions, this figure exceeded 50%, while for American institutions it was only 27%..
Among those who work with digital assets, bitcoin is the most popular tool., he is chosen more than 25% of companies, and another 11% own ether. At the same time, 60% of cryptocurrency supporters usually make deals on the spot markets, and 40% prefer derivatives..
Although only a third of all respondents confirmed that they have already invested in digital assets, only 20% of all organizations consider this direction unattractive. Predicting the composition of their portfolio in five years, 91% of respondents expect cryptocurrencies to hold at least 0.5%.
According to Ria Bhutoria, head of research at Fidelity Investments, investors are most attracted to digital assets by their uncorrelated nature and huge growth potential. However, in parallel, they also face high volatility, lack of a base for valuation and market manipulation. Therefore, if service providers in this market do not provide investors with all the necessary tools in the near future, then the current fuse will quickly fade..
text: Ivan Malichenko, photo: Unsplash