• Mon. Apr 22nd, 2024

Fidelity Survey Suggests Massive Institutional Adoption By 2026

Phillip Seefeldt

ByPhillip Seefeldt

Jul 24, 2021

The digital asset sector received some positive updates in the shape of a recent Fidelity poll, which suggests that broad organizational acceptance is on the way.

The survey concluded that close to ninety percent of organizational investors are thinking of owning digital assets by the year 2026. Not only that, but the survey also reports that the highest interest in the digital asset sector is shown by Asian countries. However, the United States and Europe are also expected to join the bandwagon soon.

The survey also unveiled that the number of organizational investors, i.e., asset managers, institutions that maintain digital assets, have grown significantly and are expected to carry on this trend for the foreseeable future.

Near seventy percent of organizational investors are planning to invest or buy crypto resources in the future, with more than ninety percent of the institutions thinking of doing that by the year 2026.

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Even though the digital asset sector occasionally chips up promising surveys for the future, this survey is particularly important since it is conducted by a significant company with a huge influence and size on the monetary sector. The survey also comes when the whole crypto sector is in a long slump, and the positive news will be sought after.

The positive results, according to Tom Jessop, head of Fidelity, are due to an increasing understanding of digital assets among specialist financial advisers, as well as changing views influenced by previous crises.

The covid19 outbreak and the monetary and fiscal measures enacted in reaction to it. It has always been a driver for many investment firms to clarify and systematize their investing strategy, according to Jessop’s statement.

The poll, which was done blindly, gathered the opinions of over 1,100 investment firms from the United States, Asia, and Europe. It recognized crypto asset ownership as personal holding digital assets or investment in crypto businesses.

Another interesting finding in the study has been that Asian traders presently have far greater exposure to cryptocurrency than the rest of the globe. However, investors in Europe and United States are fast catching up.

Nevertheless, there is always considerable skepticism about cryptocurrencies among organizations. Investors mentioned price fluctuations as the primary impediment to purchasing cryptocurrency, but they also voiced worry about industry manipulation as well as an absence of characteristics to evaluate value.

Phillip Seefeldt

Phillip Seefeldt

Phillip Seefeldt is a skilled and perceptive news writer known for his comprehensive analysis and engaging writing style. With a commitment to accuracy and a deep understanding of current affairs, his articles provide readers with insightful perspectives and thought-provoking insights.

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