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Buckle up: 74% of institutional investors plan to boost their crypto investments

Buckle up: 74% of institutional investors plan to boost their crypto investments

As the cryptocurrency market begins to capture the attention of more institutional investors and wealth managers around the globe, recent research has demonstrated that most of them have plans to boost investments in the sector in the near future, illustrating growing confidence in the crypto industry.

Specifically, a new global research study has found that nearly three out of four (74%) interviewed institutional investors and wealth managers plan to boost their organizations’ allocations to cryptocurrency assets in the year ahead, according to the report shared with Finbold on July 26.

As it happens, the study included the participation of institutional investors and wealth managers in the United States, the United Kingdom, Germany, Switzerland, Singapore, Brazil, and the United Arab Emirates, all collectively managing around $3.5 trillion in assets.

Furthermore, the research, commissioned by London-based Nickel Digital Asset Management, founded by alumni of Bankers Trust, Golden Sachs, and JPMorgan, has also shown that nearly one in five (18%) of the people surveyed plan to increase their crypto investment levels dramatically.

Crypto sector’s growing appeal

On top of that, close to nine out of 10 (87%) find investment opportunities in the crypto sector attractive on a 12-month view, whereas 39% said they were “very attractive.” Ninety-two percent of the interviewees described these opportunities as attractive in the next five years, while 39% said they were “very attractive” over five years.

Commenting on these results, Nickel Digital CEO and founding partner Anatoly Crachilov attributed them to the successes in the crypto market since the year’s turn, which has triggered optimism among investors:

“The strong performance of the digital assets sector year to date is reflected in the strengthening optimism by forward-looking allocators that the market has entered a sustainable recovery trend and offers an opportunity to engage.”

It is also worth noting that about two out of five participants (38%) in the survey stated that their organization had grown investment in the crypto sector across the previous 12 months, with 13% saying they dramatically grew investment levels.

On the other hand, not everyone was as optimistic. Indeed, 49% said they reduced investment levels in the sector over tha past year, with 13% dramatically cutting these investments and 7% selling all their crypto holdings.

Interestingly, Nickel’s report from November 2022, during the crypto market sell-off at the time, found that a lot of professional investors saw the bearish conditions as an ideal opportunity to build a foundation for future gains and as a positive outlook for the sector.

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