According to a survey conducted by London-based cryptocurrency fund Nickel Digital Asset Management, 82% of the 100 investors and wealth managers from the US, UK, France, Germany and the UAE that took part in the research plan to acquire more digital assets until 2023, Institutional Asset Manager reported yesterday.
In addition, the survey, which was conducted online in May and June, has also found out that 4 out of 10 respondents have plans to increase they cryptocurrency holdings dramatically, while only 1 in 10 intend to sell their assets.
The study revealed that institutional investors want to increase their exposure to cryptos citing different reasons. 58% cited the long-term capital growth prospects of both cryptocurrencies and digital assets in general, while more than a third of the participants said they would do it because they feel more comfortable with the asset class (38%) or the improving regulatory environment (34%).
It is worth mentioning that according to Nickel, institutional investors have a very low exposure to crypto investments due to the fact that “many have just been testing the market to see how it works.”