Posted April 01, 2022
By Matt Insley
Shifting Attitudes Toward Cryptocurrency
A new survey indicates that a surprising number of investors aim to invest more heavily in crypto and digital assets in the coming year.
The Nickel Digital poll surveyed a collective of wealth managers and institutional allocators, overseeing assets totaling $108.4 Billion USD. Of the 200 investors surveyed, 94% plan to increase their crypto and digital assets in the coming year, with an equal percent indicating they have already increased their allocations in the year prior.
When asked to disclose where monies used to grow their digital assets was obtained, they surveyed investors and wealth managers indicating the following:
- Real Estate Holdings (20% of respondents)
- Other Crypto & Digital Assets (17% of respondents)
- Commodity Holdings (17% of respondents)
- Private Equity Holdings (15% of respondents)
- Fixed Income (13% of respondents)
- Equity Holdings (12% of respondents)
Most professional investors, according to Nickel Digital, have only a small amount of exposure to crypto and digital assets since they are 'testing' the market in terms of how it works, infrastructure, and liquidity. They believe crypto is still in its early days and will offer the benefit of portfolio diversification.
While half of the survey participants believe that blockchain and digital asset technology are scalable and have a good chance of becoming popular, a small 3% of respondents believe that mainstream acceptance will not occur, with 13% believing that it’s still too early to say.
Editor, Daily Crypto Hunter