82% of Institutional Investors Plan to Increase Cryptocurrency Exposure: Survey

A survey by Nickel Digital Asset Management shows that 82% of institutional investors and wealth managers are planning to increase their cryptocurrency exposure between now and 2023.

• Anatoly Crachilov, co-founder and CEO of asset management firm Nickel Digital, was quoted by Institutional Asset Manager as saying: “The number of institutional investors and corporates holding bitcoin and other cryptoassets is growing and their confidence in the asset class is also increasing.” He elaborated:

Many of those professional investors with holdings in crypto assets are looking to increase their exposure … These trends will continue to expand.

• The CEO noted that the trend 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.”

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