A survey conducted by the London-based crypto hedge fund Nickel Digital Asset Management shows that more than eight out of ten respondents of 200 institutional allocators and asset managers foresee broader use cases for cryptocurrency. According to the results of the poll, half of professional investors believe that digital assets will play a significant role in portfolio diversification in the future.
Tokenization of existing assets — transforming real, regulated assets into digital assets on blockchain — access to decentralised finance platforms, and the capacity for crypto to create a new value transfer mechanism are some of the other common broader-use cases projected for crypto in the future.
According to Nickel’s survey, slightly under half of professional investors believe blockchain and digital asset technology are scalable and have a strong chance of becoming mainstream. While almost one-in-five respondents believe cryptocurrency has the potential to revolutionise the global economy.
In a statement, Anatoly Crachilov, Chief Executive officer of Nickel stated that “to a large extent, digital assets have already attained escape velocity – they have a multi-trillion dollar market cap.” They are gradually gaining regulatory acceptability in important nations. This is obviously evident in the vast majority of professional investors’ belief that digital assets will become popular.”
According to the survey, 13% of respondents believe it is still too early to expect digital assets to become commonplace, while 3% believe it will not happen.
