NEWS ZAP
Survey: 40% of institutional crypto investors intend to buy a lot more
More than 80% of institutional investors polled that have already invested in digital assets expect to increase their exposure.
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.
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.
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.
A MasterCard survey in May revealed that four in ten people plan to
