According to a recent poll, around eight out of ten top fund managers and investors agree that crypto should be used more widely, as they are positive towards cryptocurrency’s future. The investment in cryptocurrency will benefit towards the diversification of their portfolio.
Nickel Digital Asset Management surveyed 200 institutional investors as well as wealth managers and found that the majority believe cryptocurrency will become mainstream in the near future. Crypto-native assets such as Bitcoin will play a very important part in investing portfolios going ahead.
Views of top investors in cryptocurrency future
The Wall Street Journal reported earlier this month that big hedge funds were spending billions on the crypto industry. “More funds are looking at cryptocurrency as a fifth asset class,” said Robert Bogucki, co-founder of Galaxy Digital and a crypto investor.
Nickel Digital’s CEO Anatoly Crachilov said the following:
“Digital assets have already attained escape velocity to a large extent as they have a multi-trillion dollar market valuation, and they are gradually gaining legislative acceptability in important nations. This is mirrored in the vast majority of expert investors who anticipate digital assets will be mainstream.”
According to a PwC report from 2021, 86 percent of crypto-investing hedge funds wanted to invest more money in the asset class in the future. CEO of asset management firm BlackRock believes the Ukraine conflict will hasten the global adoption of digital currencies.
Meanwhile, as the cryptocurrency market recovers from the late-year downturn, fund flows continue to be strong. Digital asset investment products have had the greatest inflows so far this year, with $193 million in the last week.
