In recent years, there has been an increase in the number of financial institutions incorporating cryptocurrencies into their portfolios.
Cryptocurrency has begun to be recognized as a pure digital asset by institutional investors and asset managers. Despite its newness, this asset class has gained widespread market acceptance and rapid growth.
Many institutional investors have begun to diversify their portfolios and trading strategies by incorporating digital currency-related assets.
In ten years, the traditional investment will be dominated
According to a Bitstamp poll, investors believe that digital assets will outperform traditional investments over the next decade.
Within a decade, mainstream adoption could reach a tipping point and become the new normal. According to the survey, roughly 80% of institutional investors are positive about cryptocurrencies as an asset class.
Furthermore, a sizable majority of investment professionals and 66% of regular investors have expressed confidence in these as an asset class.
The study gathered information from 28,563 people in 23 countries spanning Asia-Pacific, Africa, Latin America, North America, Europe, and the Middle East.
According to Bitstamp CEO Julian Sawyer:
“In recent years, cryptocurrencies have risen from the financial ecosystem’s periphery to the foreground of mainstream investing, with many of the world’s major trading platforms now catering to both retail and institutional demands.”
Sawyer also stated that interest in the digital currency market has increased significantly in the years since the outbreak, and Bitcoin and other related coins are now part of the larger discussion about global macroeconomic issues.
Trillions of dollars are being exchanged
Kevin O’Leary, a Canadian businessman, entrepreneur, and Shark Tank star predicted earlier this month that institutional investors would pour trillions of dollars into cryptocurrency.
Mr Wonderful believes that cryptocurrency will one day become S&P’s 12th sector.
Skybridge Capital, an asset management firm, is also “very optimistic” about cryptocurrency, according to a company executive this week.
While the precise publication date of the final comprehensive research was not disclosed, this early picture suggests an optimistic future for the cryptocurrency sector in general, as well as widespread acceptance among both large and small investor groups.
Indeed, the academic community has put a lot of time and effort to study bitcoin trading.