In view of the current economic climate, which has been exacerbated by the global pandemic, investors are looking for alternative investment options to consider.
According a recent study of institutional investors and financial managers revealed that since the Coronavirus epidemic started, “43% say they now have a much more positive view of cryptocurrencies, and 35% say it has improved slightly.”
The research commissioned by Nickel Digital Asset Management, a London-based digital asset hedge fund manager also revealed that 78% of investors currently have a favorable or constructive view of Bitcoin.
Head of Institutional Sales, Nickel Digital Fiona King stated: “Many cryptocurrencies have performed well since the Coronavirus crisis started. From 1st January 2020, the value of Bitcoin and Ethereum have increased by 460% and 1812% respectively.”
She added: “The crypto and digital markets have also matured a great deal, providing greater custodial services and liquidity for example.”
The conclusions of the study are based on online interviews with 50 wealth managers and 50 institutional investors from the United States, the United Kingdom, Germany, France, and the United Arab Emirates, which were conducted in November 2021.