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FameEX Hot Topics | Survey Finds 80% of Institutional Investors Recognize Cryptocurrency's Significance in the Global Financial Sector
2023-12-19 16:16:31
In a recent study by Sygnum, a leading digital asset bank, the evolving attitudes of institutional investors towards cryptocurrency are highlighted. This survey, involving over 150 seasoned professionals with an average of more than a decade in investment, encompassed a range of financial experts, including Sygnum's own clients, various banks, hedge funds, family offices, foundations, and asset managers. The findings are particularly striking, revealing that over 80% of these seasoned investors now acknowledge the critical role of cryptocurrency in the global financial sphere. This marks a significant shift from earlier skepticism to a more favorable stance, underscoring the cryptocurrency's growing importance in financial discussions.
The survey sheds light on the primary motivations for these institutions to invest in cryptocurrencies. A substantial 66% of respondents indicated their investment is driven by the desire to be part of the 'crypto megatrend', while 46% pointed to portfolio diversification as a key factor. This data not only signals the ongoing embrace of cryptocurrency by institutional players but also reflects the emergence of portfolios blending traditional and crypto investments, bolstered by an enhanced understanding of blockchain technology. One of the more notable trends from the survey is the level of optimism regarding future returns from cryptocurrency investments. About 62% of those intending to maintain or increase their crypto holdings foresee higher returns, suggesting a burgeoning confidence in this asset class. Additionally, a significant 37% view cryptocurrency as a superior investment relative to traditional assets, highlighting its potential as a hedge in conventional markets. Interestingly, the survey indicates a unanimous preference for direct token investments among all participants. This choice underscores a clear inclination towards owning tokens and generating returns through mechanisms like staking. However, it's anticipated that this preference might evolve as the range of financial products in the cryptocurrency domain continues to broaden and diversify. Fabian Dori, Chief Asset Management Officer and Deputy CEO of the Sygnum Group, emphasized the crucial role of regulation in fostering trust among institutional crypto investors. The survey findings resonate with this perspective, with over 85% of participants stressing the need for regulatory oversight. This aligns with Sygnum's approach, which has been to operate under full regulation across all its regions since its inception. In conclusion, the survey by Sygnum underscores a transformative period in the cryptocurrency market, highlighting its increasing significance in the wider financial industry. The growing interest from institutional entities is poised to propel the crypto market towards further expansion and evolution in the years ahead. Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.
