Investment giant Fidelity polled institutionalists and found out if they plan to acquire digital assets in the future, despite the crypto winter? 74% of the respondents voted about their readiness to invest.
The results are in! The Fidelity Digital Assets 2022 Institutional Investor Digital Assets Study reveals new insights into investor perceptions and adoption of digital assets across the US, Europe, and Asia: https://t.co/WLL5d606I0 pic.twitter.com/YnBSITusDV
— Fidelity Digital Assets (@DigitalAssets) October 27, 2022
Survey respondents – 1052 financial institutions from the US, Europe and Asia.
According to the results of the first half of the year, 58% of respondents have already managed to diversify their portfolios with cryptocurrencies. A year ago, the figure was 52%.
The maximum rate fell on respondents from Asia (69%), to a lesser extent – on their competitors from Europe (67%) and the USA (42%). The last two indicators for the year increased by 11% and 9%, respectively.
Volatility (50%), underdevelopment of fundamentals for valuation (37%), security concerns (35%) and market manipulation (35%) remain among the main deterrents for an active increase in investments. Respondents also mentioned the uncertainty regarding the status of digital assets in the eyes of regulators (33%).
Recall that in September Fidelity Investments announced launch of bitcoin trading for retail clients of the brokerage division.
The message Institutions are still interested in cryptocurrencies appeared first on Cryplogger.