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40% of institutional crypto investors intend to buy a lot more


07 Jul 2021   #Bitcoin

More than 80% of institutional investors polled that have already invested in digital assets expect to increase their exposure. A new survey suggests that hedge fund executives, wealth managers, and institutional investors already holding crypto assets intend to increase their holdings. The survey, conducted by London-based crypto fund Nickel Digital Asset Management, revealed that 82% of the 100 investors and wealth managers polled expect to increase their exposure to digital assets between now and 2023.

The research, conducted online in May and June and shared with Cointelegraph, surveyed 50 wealth managers and 50 institutional investors with prior exposure to crypto assets spanning the U.S., U.K., France, Germany and the UAE.

Four out of ten, or 40%, stated that they will “dramatically increase their holdings” with just 7% stating that they intend to reduce their exposure, and only 1% planning to sell their entire holdings. However, Nickel did state that in most cases institutional investors with crypto holdings have very low levels of exposure as “many have just been testing to market to see how it works.”

The survey revealed that the primary reason given for investing more in digital assets is the long-term capital growth prospects according to 58% of the respondents. Even with the massive market slump, BTC has still made 18% so far this year and Ethereum is up a whopping 215% since January 1. Around 38% of those surveyed claimed having some exposure to crypto assets gave them more confidence in the asset class, while 37% cited more leading corporates and fund managers investing in crypto assets as a reason to invest further.

Co-founder and CEO of Nickel Digital, Anatoly Crachilov, commented that confidence in the asset class is increasing and he expects the trend to continue, adding: “Our analysis at the start of June this year revealed that 19 listed companies with a market cap of over $1 trillion had around $6.5 billion invested in Bitcoin, having originally spent $4.3 billion buying the cryptocurrency.”

As reported by Cointelegraph last month, a survey conducted by U.K. investment firm AJ Bell’s revealed that more people bought crypto assets than stock related savings products over the past year. A MasterCard survey in May revealed that four in ten people plan to use cryptocurrency for payments within the next year.


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap Volume 24h
1 Bitcoin (BTC) BTC Bitcoin predictions 83.6% 24 $48 023.28 -0.71% 3.44% $903 705 648 774 $30 868 405 829
2 Ethereum (ETH) ETH Ethereum predictions 71.6% 52 $3 563.80 -1.89% 4.12% $418 950 530 113 $18 493 669 977
3 Cardano (ADA) ADA Cardano predictions 66% 64 $2.42 -2.23% -3.43% $77 683 489 177 $3 095 901 217
4 Binance Coin (BNB) BNB Binance Coin predictions 68.4% 70 $421.22 -2.55% -0.83% $70 821 892 729 $1 657 577 581
5 Tether (USDT) USDT Tether predictions 96% 1 $1.000499 0.02% 0.05% $68 288 037 795 $74 172 515 331
6 XRP (XRP) XRP XRP predictions 71.2% 56 $1.093567 -2.51% -3.05% $50 984 520 461 $3 018 193 479
7 Solana (SOL) SOL Solana predictions 57.2% 89 $146.88 -7.34% -21.00% $43 597 219 268 $3 263 512 936
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9 Dogecoin (DOGE) DOGE Dogecoin predictions 66.4% 65 $0.254974 3.69% 0.76% $33 480 789 211 $1 873 594 606
10 USD Coin (USDC) USDC USD Coin predictions 94.8% 1 $1.000186 0.02% 0.01% $29 230 519 112 $2 845 039 489
11 UniSwap (UNI) UNI UniSwap predictions 68.8% 56 $25.82 -4.67% 9.72% $15 791 177 382 $595 594 004
12 Terra (LUNA) LUNA Terra predictions 68% 67 $36.20 -0.80% 12.70% $14 549 248 511 $1 555 371 086
13 Avalanche (AVAX) AVAX Avalanche predictions 69.2% 69 $64.76 6.83% 48.17% $14 265 392 957 $2 603 032 868
14 Chainlink (LINK) LINK Chainlink predictions 74% 56 $29.85 -5.29% 4.13% $13 491 251 604 $1 523 058 445
15 Binance USD (BUSD) BUSD Binance USD predictions 96% 1 $1.000197 0.01% 0.02% $12 747 342 580 $6 385 206 639

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