New global research by London-based Nickel Digital Asset Management, a regulated digital assets hedge fund manager founded by alumni of Bankers Trust, Goldman Sachs and JPMorgan, shows institutional investors and wealth managers are increasingly positive on the impact of the next bitcoin halving.
The next bitcoin halving – expected in April when the number of blocks reaches 840,000 — is aimed at maintaining the currency’s scarcity and value by cutting the number of new bitcoins issued and will be the fourth in its history.
Nickel’s study with institutional investors and wealth managers in the United States, United Kingdom, Germany, Switzerland, Singapore, Brazil and the United Arab Emirates who collectively manage around $815.5 billion in assets found 81 percent expect the halving to be positive for bitcoin’s price. Around 25 percent believe it will be very positive.
Around seven out of 10 (69 percent) surveyed believe the halving will increase investm