London-based Nickel Digital Asset Management has announced plans to make the United States one of its top-priority markets, as new research reveals the potential for strong growth in the country. Nickel’s clients include institutional investors, global wealth managers and ultra-high-net-worth individuals from around the world.
Nickel Digital recently commissioned a survey with 40 institutional investors and wealth managers in the United States who collectively oversee $112 billion in assets and who currently have some exposure to digital assets. The survey revealed that 24 of those interviewed expect to dramatically increase their exposure to crypto-assets between now and 2023, and another 10 said they will add to their exposure.
The three main reasons given for greater allocation to digital assets is the structural long-term capital appreciation prospects of crypto-assets — the view cited by 24 of the 40 U.S.-based professional investors. Another 17 respondents sa