A survey by Nickel Digital, a crypto fund, showed that 40% of institutional investors and asset managers who hold cryptocurrencies bought Bitcoin to hedge against inflation. Decrypt reports.<\/p>\n
<\/p>\n
According to the survey, more than 85% of digital-asset holders plan to increase their investments in cryptocurrencies over the next two years. 56% expect a modest rise in Bitcoin, and 21% expect further upside in the asset in 2021.<\/p>\n
\n“There is growing optimism about improvements in the sector’s infrastructure. This will lead to more major investors entering the market,” said Anatoly Krachilov, CEO of Nickel Digital.<\/p>\n<\/blockquote>\n
According to the executive, Bitcoin will maintain high volatility. He described the trend as “expected for a new technology at an early stage of adoption”.<\/p>\n
\n“Price movements for such assets should never go in a straight line. Only professional investors with a long-term position should have access to this asset class,” added Krachilov.<\/p>\n<\/blockquote>\n
Nickel Digital’s co-founder is confident that cryptocurrency investors should be prepared for high risk.<\/p>\n
The survey involved 50 institutional investors and 50 asset managers with a combined $110 billion in assets under management from Germany, Switzerland, the United Kingdom and the United States in January 2021.<\/p>\n
As reported in a recent US poll, retail investors believe Cardano more than Bitcoin<\/a>. The altcoin was supported by 31.8% of respondents compared with 22.2% for digital gold.<\/p>\n
Earlier, a Goldman Sachs survey showed that 40% of the bank’s clients own cryptocurrency<\/a>. Of them, more than 60% expect asset growth over the next 12\u201324 months.<\/p>\n
Subscribe to ForkLog news on Telegram: ForkLog Feed<\/a> \u2014 full news feed, ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"
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