According to a survey conducted by Global Custodian, The TRADE Crypto and BitGo, the overwhelming majority of trust funds invest in crypto assets, reports The TRADE Crypto .
In particular, last year 94% of endowment funds invested in digital currencies directly or through third-party companies. At the same time, representatives of almost half of the funds are confident that their investments in cryptocurrency will only increase, and only 7% intend to reduce the amount of investments
The main problems of the industry, the research participants consider the lack of a reliable market infrastructure, its volatility, legal uncertainty and insufficient liquidity.
However, Jonathan Watkins, editor-in-chief of Global Custodian and The TRADE, notes that despite all these problems, target capital management funds continue to invest in cryptocurrency and, according to the survey results, only a few of them plan to stop investing in new assets.
“All these conversations over the past 18 months have been about when institutional investors begin to participate in cryptocurrency investing. But it turned out that they are already here in the form of endowment funds , ”stressed Watkins.
It should be noted that the founder of Galaxy Digital, Mike Novograts, is sure that it is the arrival of institutions on cryptographic pushes Bitcoin to the $ 8,000 mark in the next 6-12 months.
Subscribe to BlockchainJournal on YouTube !
BlockchainJournal.news
BlockchainJournal.news
