
New report shows crypto bull season is just beginning – The cryptocurrency bull season which started since December 2020 may have slowed down since May this year but institutional investors are still bullish, a new survey have revealed.
Financial Watch gathered through a survey conducted by London-based crypto fund Nickel Digital Asset Management, revealed that 82% of the 100 investors and wealth managers sampled expect to buy more digital assets between now and 2023.
The research, conducted online in May and June and monitored by Financial Watch, surveyed 50 wealth managers and 50 institutional investors with prior exposure to crypto assets spanning the U.S., U.K., France, Germany and the UAE.
Four out of ten, or 40%, stated that they will “dramatically increase their holdings” with just 7% stating that they intend to reduce their exposure, and only 1% planning to sell their entire holdings.
However, Nickel did state that in most cases institutional investors with crypto holdings have very low levels of exposure as “many have just been testing to market to see how it works.”
The survey revealed that the primary reason given for investing more in digital assets is the long-term capital growth prospects according to 58% of the respondents. Even with the massive market slump, BTC has still made 18% so far this year and Ethereum is up a whopping 215% since January 1.
Around 38% of those surveyed claimed having some exposure to crypto assets gave them more confidence in the asset class, while 37% cited more leading corporates and fund managers investing in crypto assets as a reason to invest further.
Co-founder and CEO of Nickel Digital, Anatoly Crachilov, commented that confidence in the asset class is increasing and he expects the trend to continue, adding:
“Our analysis at the start of June this year revealed that 19 listed companies with a market cap of over $1 trillion had around $6.5 billion invested in Bitcoin, having originally spent $4.3 billion buying the cryptocurrency.”
A previous survey last month conducted by U.K. investment firm AJ Bell’s revealed that more people bought crypto assets than stock related savings products over the past year.
Another survey by MasterCard in May revealed that four in ten people plan to use cryptocurrency for payments within the next year.
Despite Chinese crackdown and regulatory pressure in Europe the fundamentals of cryptocurrencies have remained strong, data from markets have shown major altcoins have made double digit gains in the last seven days which experts are suggesting that we may be heading towards an altseason.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Financial Watch. Every investment and trading move involves risk. You should conduct your own research when making a decision.
!GOOD DAY SIR/MA!
*LAVITA RICCA INVESTMENT PROGRAM*
♦️♦️♦️♦️♦️♦️
♦️♦️♦️♦️♦️♦️
*NO MORE EXCUSES*
1. I don’t have money
2. I can’t talk to people
3. I don’t do stuff like this
4. I’m too Busy
Your excuses may be legit but they won’t improve your Life.
*LAVITA RICCA INVESTMENT PROGRAM* is Fully Registered with CAC. WHICH IS COOPERATE AFFAIR COMMISSION( For those Who Think LAVITA RICCA INVESTMENT is Not Registered)*
*LAVITA RICCA INVESTMENT PROGRAM is a platform network that deal with investing of money just within 45mins you will get back your money double*
CONTACT:- +2349036369810
*LAVITA RICCA INVESTMENT PROGRAM PACKAGE’S*
N20,000——N40,000
N40,000——N80,000
N50,000——N100,000
N100,000—–N200,000
N150,000—–N350,000
N300,000—–N600,000
N200,000—–N400,000
N400,000—–N800,000
N500,000—–N1,000,000
*==============*
*I know you are skeptical about this because of the negative experience a lot of issues as regards scamming in the global world. I assure you 101% that you won’t lose your money this is because I know the risk of this profit oriented business and I know how to avoid them using my trading skills and signals to make only wins and no losses.*
https://wa.me/2349036369810?text=Hello%20Ma%20I'm%20interested%20in%20this%20platform%20How%20can%20I%20join%3F
*Are u a worker?*
♊ *Are u a student looking for your school fees? Are u a woman looking for money to pay your children school fees?*
♊ *Are u jobless and u need where u can make source of income?*
♊ *LAVITA RICCA INVESTMENT PROGRAM is here for you! With a little amount u can earn and make more more source of income without any problems*
♊ *LAVITA RICCA INVESTMENT PROGRAM is a platform network that deal with investing of money just within 45mins you will get back your money double*
*Thank you for your time you can click on the link below to get started, please only serious minded People are expected to message the administrator.*..
CONTACT NAME Mrs. ELIZABETH TINA
CONTACT:- 09036369810