Fidelity Reveals Bitcoin And Crypto Adoption

The adoption of digital assets has been one of the main goals in the crypto space.

There have been a lot of moves made in this direction, and the achievements continue in 2020 as well, despite the global crisis triggered by the coronavirus pandemic.

Institutional investors are still interested in Bitcoin and crypto

Fidelity Digital Assets is the Bitcoin and crypto trading, and custody arm of Fidelity Investments, and the firm recently said that institutional investors are still interested in Bitcoin and cryptos.

The firm addressed the subject on Twitter and revealed some of the new findings of the annual Institutional Investors Digital Asset Study conducted by analytics firm Greenwich Associates.

The firm also addressed access to digital assets and more.

According to the data revealed by the online publication the Daily Hodl, the results from last year’s study show that “four in 10 institutional investors are willing to invest in digital assets over the next five years.”

More than that, it’s been reported that “Of the institutional investors surveyed at the time, 72% prefer buying investment products that hold digital assets, 57% prefer buying crypto assets directly, and 57% prefer buying investment products that hold digital asset companies,” as revealed by the same online publication.

Institutional money is important for the crypto space because it can bring mass adoption of cryptos.

At the moment of writing this article, Bitcoin is trading in the green and the king coin is priced at $9,703.61.


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Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

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