About 85% of European investors and managers who already have access to bitcoin plan to increase their investments over the next two years.
A survey of 50 institutional investors and 50 asset managers with combined assets of $ 110 billion, conducted in January, showed that European investors expect the value of bitcoin to rise over the next two years. According to the spokesman, all investors and managers have already received some share of the bitcoins. The study did not note the distribution of assets between institutional investors and asset managers.
Bitcoin is also attractive, respondents said, as it can provide a hedge against excess money supply and the risk of depreciation of government-backed currencies caused by the COVID-19 crisis.
The study also showed that the market has reached the minimum size for institutional investors to enter – about $ 1.07 trillion.
The poll, commissioned by hedge fund company Nickel Digital Asset Management, also found that 81% of respondents expect an increase in the number of corporations using bitcoin for their Treasury reserves over the next two years over the next two years.
“A growing number of corporations, including car maker Tesla, business intelligence firm MicroStrategy, and mobile payment processor Square, have recently made non-trivial multi-billion dollar allocations of bitcoin as part of their treasury strategies,” – Anatoly Krachilov, co-founder and CEO, Nickel Digital Asset Management, according to the press release.