According to a survey by Nickel Digital Asset Management, around 8 out of 10 wealth managers and institutional investors across the US, the UK, the UAE, France, and Germany, believe that they will increase their crypto exposure by 2023. Also, 40% of respondents want to “dramatically increase their holdings.”
Only 1% of the wealth managers and institutional investors would agree to completely sell their digital assets position. At the same time, 7% of them think that they ought to reduce some of their exposure.
58% of the respondents said that they would invest more in crypto as a result of the idea of a long-term capital increase.
38% of them declared that they were more confident in crypto after investing in it, and 37% declared that they would allocate funds into the market in case they would see a giant corporation do it.
“Many of those professional investors with holdings in crypto assets are looking to increase their exposure and this is being driven by several factors including strong market performance during the Covid-19 crisis, more established investors and corporations endorsing the market, and the sector’s infrastructure and regulatory framework improving. These trends will continue to expand,” declared the CEO and co-founder of Nickel Digital, Anatoly Crachilov.