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FameEX Hot Topics | 4 Out of 5 Institutional Investors Acknowledge Cryptocurrency's Significant Role in the Global Financial Industry, Survey Reveals
2023-12-19 16:16:31
A survey conducted by digital asset bank Sygnum reveals a notable shift in institutional investor sentiment towards cryptocurrency. More than 80% of respondents now recognize the importance of cryptocurrency in the global financial industry, indicating a transition from skepticism to advocacy. The survey involved over 150 participants with an average of over 10 years of investment experience, including Sygnum's institutional clients, banks, hedge funds, family offices, foundations, and asset managers.
The primary reasons cited for investing in cryptocurrency include gaining exposure to the crypto megatrend (66%) and portfolio diversification (46%). This reflects the ongoing institutional adoption and the growth of hybrid traditional-crypto portfolios, along with an increasing understanding of blockchain technologies. Among respondents planning to maintain or increase their crypto allocations, 62% anticipate higher future returns, highlighting growing confidence in the asset class. Additionally, 37% of investors consider cryptocurrency a superior investment compared to traditional assets, emphasizing its role as a hedge in traditional markets. The survey also found that direct token investments remain the preferred choice for all respondents, indicating a clear preference for owning tokens and earning yields through staking. However, this preference may evolve as financial products in the crypto space continue to diversify and expand. The shift in sentiment among institutional investors towards cryptocurrency suggests a growing acceptance of digital assets within the traditional financial landscape. As the crypto industry matures, more institutions are recognizing the potential benefits and opportunities offered by this emerging asset class. Fabian Dori, Chief Asset Management Officer and Deputy CEO of Sygnum Group, emphasized the importance of regulation in building trust among institutional crypto investors. Over 85% of respondents in the survey believe that regulatory oversight is essential, aligning with Sygnum's strategy of being fully regulated in all regions since its inception. The survey results underscore the changing dynamics of the cryptocurrency market and the increasing relevance of digital assets in the broader financial industry. As institutional interest continues to rise, the crypto market is likely to experience further growth and evolution in the coming years. Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.
