Currently, About 36% of Major Investors Have Crypto Assets as Part of Their Portfolio, and Bitcoin Is Currently the Coin of Choice.

  • As much as 36% of major investors in America and Europe own crypto assets as part of their portfolio, according to a Fidelity survey released earlier this week.
  • Bitcoin continues to be the most popular crypto asset to buy, with more than 25% of companies surveyed said they hold the Bitcoin.
  • Tom Jessop, president of Fidelity Digital Assets, said: “These results confirm a trend we are seeing in the market towards greater interest in and acceptance of digital assets as a new investable asset class.”

More than one-third of major institutional investors hold crypto-assets as part of their portfolio, and Bitcoin continues to be the most popular one, as detailed in the Fidelity survey released earlier this week.

The survey showed that 36% of institutional investors in America and Europe own crypto assets, according to the Fidelity Investments survey which asked 774 firms what types of assets they invest in. These Institutional investors included pension funds, family offices, financial advisers, and hedge funds.

In America, 27% of major investors said they hold crypto assets, up from 22% from the previous year when Fidelity carried out their last survey, which surveyed 441 American firms. In Europe, The number of companies that hold crypto assets was even higher with over 45% of them saying they hold crypto assets.

Of the crypto assets held, Bitcoin continues to be by far the most popular, according to the survey, with more than 25% of companies saying they hold Bitcoin, and 11% hold Etherium.

Tom Jessop, president of Fidelity Digital Assets, said “These results confirm a trend we are seeing in the market towards greater interest in and acceptance of digital assets as a new investable asset class. This is evident in the evolving composition of our client pipeline, which spans from crypto native funds to pensions.”

Fidelity’s survey found that the greatest obstacle mentioned by companies who are still reluctant to invest in cryptocurrencies was price volatility and concerns about market manipulation.

The survey was carried out by Greenwich Associates between November 2019 and March 2020, just before the crypto market crashed and then rebounded.

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