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.
Later this month, we’ll release highlights from our annual Institutional Investors Digital Asset Study conducted by Greenwich Associates.
The results suggest that digital assets continue to gain adoption and interest by a variety of institutional investors.
— Fidelity Digital Assets (@DigitalAssets) June 2, 2020
The firm also addressed access to digital assets and more.
Our findings will highlight the fact that institutions cannot be summed up as one segment, and that access to digital assets cannot be as simple as one product or asset offering.
— Fidelity Digital Assets (@DigitalAssets) June 2, 2020
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.
