According to a recent survey, hedge fund executives, wealth managers and investors who are in possession of diverse crypto assets are already seeking to maximize their holdings and buy a lot more.
The survey was carried out by Nickel Digital Asset Management, a crypto fund based out of London. The survey reports suggest that out of the 100 investors who actually took part in the polling, 80 percent of them are willing to expand their exposure to the crypto assets market by the year 2023.
50 wealth managers from various countries including UK, US, Germany, France and the UAE, along with 50 institutional investors who have been previously exposed to the world of crypto assets, were being surveyed in the months of May and June. Out of these individuals, 40 percent were in favour of escalating their level of exposure to crypto assets, quite dramatically so. Only a small 7 percent were in favour to actually lower their exposure level and a meagre 1 percent did actually concur on selling off their entire holdings.
It was however also pointed out that the institutional investors who are in possession of crypto holdings are also not very experienced about the same simply because their levels of exposure are not much. This is due to the fact that they are just testing out the market to find out how it all works. It can also be deduced that the most important reason for the investors willing to invest so much in digital assets is because they intend to receive long term growth benefits of their capital. It is a fact that even with the downward trend in the market, Bitcoin has still managed to garner 18 percent whereas Etherium on the other hand, has been going on an insane streak of 215 percent since the beginning of January.
38 percent of the participants taking part in the survey firmly believe that being exposed to the world of crypto and its details enables them to be more confident in the asset category. On the other hand, 37 percent of the participants pointed out that more and more investors are investing in crypto so that they can continue investing in the future.
According to Anatoly Crachilov, who is also the Co-Founder and CEO of Nickel Digital, the trend of gaining more confidence in the asset category is rising and will continue to do so, at least for now. Reports from an analysis revealed that 19 listed companies spent around $4.3 billion buying the cryptocurrency. Survey by Investment firm AJ Bell in the UK showed that most people are now purchasing digital assets rather than investing in stock related savings options.
A survey conducted by Mastercard in the month of May revealed that four out of every ten people are planning to use cryptocurrencies as a mode of payment in the coming year.