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  • elrond-erd-2MultiversX$59.92-2.08%

Fidelity Study Shows 52% of Investors Secured Exposure on Cryptocurrencies This Year

A Fidelity survey discovered that 52% of investors have decided to secure their exposure to crypto in 2021. 84% of the high-net-worth individuals in Europe have invested in digital assets.

The survey took place between December 2020 and April 2021. 1,100 blind interviews and phone sessions were used for it.

In the US, the survey showed a 20% point increase in the number of financial advisors who chose to invest in crypto. In general, 70% of respondents had a neutral-to-positive stance on virtual currencies.

In Asia, “virtually” all financial advisors who were part of the study had the same perception when it comes to crypto.

“Nearly 9 in 10 investors surveyed said they found digital assets appealing. The most appealing attribute of digital assets for institutions surveyed was the high potential upside,” Fidelity Digital Assets noted.

54% of respondents believe that price volatility represents one of the most important reasons for hesitancy to invest in digital assets. The survey added that “44% of investors surveyed shared that the lack of fundamentals to gauge appropriate value was a barrier to investment.”

Nevertheless, about 8 in 10 investors believe that crypto should be a part of an investment portfolio.

Also important is the fact that 69% of respondents held a neutral-to-positive view towards CBDCs.

“The study validates what we’re hearing from Fidelity’s institutional and advisor clients, that demand for digital assets is growing rapidly across segments. Family offices have been early adopters and view digital assets as a strategic allocation. There is now also a sense of urgency among financial advisors who are recognizing that digital assets have come of age, driven by increasing end-investor interest in these assets, particularly bitcoin.”

Source: Financemagnates.com

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