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More Than Half of Institutions Expect To Invest in Digital Assets in the Future: Fidelity Study

A latest survey from Fidelity Digital Assets means that cryptocurrency is turning into extra wanted by institutional buyers.

According to a report from Reuters, Fidelity Digital Assets found that seven in 10 institutional buyers anticipate to take a position in digital property in the future. 

The survey evaluated solutions from a spread of buyers, together with high-net-worth people and hedge funds in addition to native household workplaces and monetary advisors. The examine, which was carried out by Coalition Greenwich on behalf of Fidelity Digital Assets, confirmed that out of 1,100 buyers surveyed between December and April, greater than half claimed to already personal digital property.

Among these in shopping for into cryptocurrencies, 90% of them additionally anticipate their firm or purchasers’ portfolios to be uncovered to digital property inside the subsequent 5 years, both by direct funding in digital property or by firms providing cryptocurrency merchandise.

Fidelity grew to become one of the first supporters of cryptocurrencies amongst mainstream monetary service suppliers after launching Fidelity Digital Assets in 2018. The agency’s crypto department specializes in offering buying and selling and custody providers for digital property like Bitcoin.

A latest examine by Amsterdam-based fund administrator Intertrust additionally found {that a} huge $312 billion tidal wave of capital may movement into the crypto markets as hedge funds allocate bigger percentages of funds into crypto. 

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Disclaimer: Opinions expressed at The Daily Hodl will not be funding recommendation. Investors ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal danger, and any loses you could incur are your duty. The Daily Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Daily Hodl an funding advisor. Please be aware that The Daily Hodl participates in internet affiliate marketing.

Featured Image: Shutterstock/zhu difeng

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