Sygnum: 90% of representatives of large investor organizations invested in top digital currencies
Sygnum Bank conducted a survey, according to which more than 80% of institutional investors recognized that digital assets are important in the global financial sphere and are rapidly changing the economy. The study covered 150 companies operating on the market for more than 10 years: funds, asset managers, banks, hedge funds, family offices, etc.
It turned out that almost 90% of the study participants invested in Bitcoin, Ether and SOL. 57% of respondents intend to increase the volume of digital assets in their portfolio.
66% of respondents noted that they were ready to be part of the “cryptocurrency megatrend,” and 46% had purchased cryptocurrencies in order to diversify their portfolio. Just over 60% of respondents who intend to maintain or increase investments in digital assets hope to receive higher profits in the future.
37% of institutions called crypto coins a more profitable investment compared to conservative assets. Sygnum concluded that direct investment in digital currencies is still the best option for investors. They prefer to own assets directly and receive income from staking.
The researchers also noted that large organizations are increasingly investing in popular cryptocurrencies and acquiring knowledge about the nature of the blockchain. Sygnum summarized that as the digital currency industry developed, many large investors moved from skeptics to crypto enthusiasts.
And Coinbase CEO Brian Armstrong criticized US senators, including industry opponent Elizabeth Warren, for trying to turn US bankers against digital currencies. According to the entrepreneur, politicians were trying to influence the American Bankers Association and gain its support when lobbying for a draft law to combat money laundering using digital assets.
Armstrong believes that a radical anti-cryptocurrency stance is a dubious political strategy. At the same time, the businessman pointed out that about 52 million people in the country have already turned to digital coins. Almost 40% of young people are confident that cryptocurrencies can expand their financial capabilities.
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