A new survey of institutional investors and wealth managers from the United States, United Kingdom, France, Germany and the UAE, who collectively do not currently have exposure to cryptocurrencies and digital assets, reveals that 62 percent expect to invest in these assets for the first time within the next year.
Nickel Digital Asset Management (Nickel), a European investment manager dedicated to the digital assets market, which conducted the study, explains that, in most cases, this will just be professional investors “testing” the market in terms of how it works, its infrastructure and liquidity.
The main reason given for investing in digital assets for the first time is the long-term capital growth prospects of cryptocurrencies and digital assets — the view cited by 47 percent of respondents. Another 44 percent said they would invest because more corporates and fund managers are investing in cryptocurrencies, which gives them greater confidence in the asset cl