Crypto Currency News

Savvy investors are betting on cryptocurrencies and hope to increase their investments by 2023

Nickel Digital Asset Management surveyed 100 qualified investors.

Thousands of investors around the world have in mind to expand their investments in cryptocurrencies in the medium term. After Bitcoin (BTC) and the rest of the altcoins experience a historic correction, a survey by Nickel Digital Asset Management found that most savvy investors will be looking to seize the buying opportunity.

A survey of 100 investors , hedge fund executives and wealth managers who already have part of their portfolio in cryptocurrencies, found that 82% will make new investments in the next 18 months.

The survey was conducted among businessmen from the United States, the United Arab Emirates, Germany, France and the United Kingdom, between May and June of this year. The price of BTC hovered between $ 30,000 and $ 40,000 for much of that period, and it continues at that level.

40% of those surveyed said that the proportion of their portfolio destined for cryptocurrencies will significantly increase. On the other hand, 7% confessed that they will seek to reduce their market share, while 1% is waiting for the right moment to abandon it.

Nickel explained in his report that a good part of the investors consulted have just entered the market. 58% defend long-term strategies, and that was the reason for their entry. On the other hand, 37% of investors highlighted the support of large companies towards the market as a motivating factor to increase exposures.

“Our analysis in early June this year revealed that 19 publicly traded companies with a market capitalization of more than $ 1 trillion had around $ 6.5 billion invested in Bitcoin, having originally spent $ 4.3 billion buying the cryptocurrency.” slipped in the publication Anatoly Crachilov , CEO of Nickel.

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