Some 70% of institutional investors expect to gain exposure to cryptocurrencies within the next five years, according to a new survey.
Fidelity Digital Assets polled 1,100 high net worth investors, family offices, hedge funds and financial advisors.
This doesn’t necessarily mean that they’re all going to be buying Bitcoin en masse.
For the purposes of this survey, a digital asset investment was classed as purchasing crypto directly, acquiring the stock of a company that’s in the sector, or snapping up shares in an ETF.
Another potential limiting factor with this research lies in how the poll was performed between December 2020 and April 2021 — meaning that this data doesn’t tell us how institutional investors have reacted to this latest bearish turn of events.
Last month, a separate survey by JPMorgan also suggested that just 10% of institutional investment firms currently trade cryptocurrencies — with almost half of those polled describing the asset class as “rat poison” or warning that it will be a temporary fad.
Of those who are yet to make an investment, 80% of those who took part in the U.S investment bank’s research said they do not expect to start investing or trading in cryptocurrencies.
However, it does appear to be a slightly different picture when it comes to what these investors do individually. Some 40% revealed that they are active in the world of crypto personally.