Seasoned Investors Still Interested in Crypto
The bear market hasn’t deterred seasoned investors from cryptocurrencies, a new survey shows.
On this page
According to a new survey by Laser Digital, a digital asset business backed by Nomura, professional investors are keen on investing money in cryptocurrencies in spite of the uncertain regulatory environment.
The survey shows that 96% of the investors who manage $4.95 trillion in assets and work for different pension funds, wealth managers, family offices, hedge funds and investment funds believe that digital assets are a good investment diversification opportunity. Other more traditional asset classes include fixed income, cash equities and commodities.
Yet, while almost all investors are ready to buy into crypto, the picture looks slightly different when talking about the proportion of the funds. Out of all the funds available, the investors are ready to allocate only 5% of their pool into digital assets.
Meanwhile, 51% said that they regard Bitcoin and Ethereum as providing a long-lasting source of investment opportunities, with 11% deeming them highly speculative. And 38% regard them as highly speculative assets.
A total of 303 investors were polled by Laser Digital online in April. They came from most major financial markets across the world.
The new survey reiterates the notion that there is a growing list of financially accomplished figures who also buy into crypto.
While most crypto enthusiasts have heard of such figures as Elon Musk, Snoop Dogg, Mike Tyson, and the late John McAfee who expressed strong affinity for cryptocurrencies, there are other no less big household names interested in it.
They include Richard Branson, Steve Wozniak, Marc Cuban, and, Michael Saylor, arguably, one of the most ardent fans of Bitcoin.
Previously, GNcrypto explained what’s behind the buzz around Coinbase stocks among investors.
The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.
Articles by this author
