Bitcoin Set to Become Institutional Trading Market
Institutional investors and wealth managers have increased their allocations to digital assets in the past year with almost 40% believing their organisation’s long-term target allocation to these assets should be between 5% and 10%. These are the findings of a study of 100 global institutional investors and wealth managers commissioned by Nickel Digital Asset Management, a London-based FCA-regulated investment manager dedicated to the digital assets space. The study found that almost all institutions had increased their allocation to crypto and digital assets in the past year, with a quarter increasing their allocation by more than 100%. In the next year, almost all firms said they expected to increase their allocation, with just under a third indicating by more than 100%. Nearly half of firms surveyed said they “strongly agreed” that the finite number of Bitcoins (21 million, with almost 90% of coins already in circulation) made it an attractive hedge against inflation while 43% said they slightly agreed and 12% said they disagreed. To read the full article, click here.