Even though Bitcoin is worth just over $20,000, which is 70% less than its all-time high of $69,044, institutions are still hopeful about the digital currency. In the first half of 2022, institutional investors put 58% of their money into cryptocurrencies and other digital assets. This is 6 percent more than what it was a year ago. Users should be aware of a number of interesting facts about Bitcoin, and they can click this link for more information.
74% of the time, institutional investors plan to buy digital assets in the future. 51% think the cryptocurrency industry is doing well now, more than in 2021.
In Europe (67%), the US (42%), and Australia (69%), more investors own digital assets than in Asia (69%). Since 2021, the number of Americans who own their homes has only increased by 9 points, while the number of Europeans who own their homes has increased by 11 points. Investors with a lot of money in each of these places and financial advisors in Europe were mostly to blame for this trend.
The fact that institutional investors can handle their investments well even when the market goes up and down is one of the best things about them. You want to invest in Bitcoin, but you can’t find a trustworthy platform to trade cryptocurrencies, can you?
“Even though there have been problems on the market recently, we still think the basics of digital assets are substantial. We also believe the industry is in an excellent place to deal with current events because it has become more established over the past few years.
The respondents think that investors are most interested in decentralization and new technology.
35% think digital assets should be considered a different type of investment. This is more than the 23% of people in 2021 who thought this.
Even though a transportation company in Hillsborough held cryptocurrency during the crisis, the company is worried about its future finances. Do you remember how the cryptocurrency market crashed when the Terra stablecoin system stopped working in the middle of the second quarter of this year? Even though the market was going down, these banks kept their money in the market. It’s great that these investors have a lot of money and other tools.
This is shown well by the American company MicroStrategy. Right now, there are 130,000 Bitcoins, and they are all worth $3 billion. At the same time that people were taking money out of Bitcoin funds, traditional investors took out hundreds of millions of dollars.
In the survey I just talked about, about 1,052 institutional investors from the U.S., Europe, and Asia took part. Institutional investors include people with a lot of money, hedge funds, financial advisors, and institutions. Remember that the report’s survey period ends in June. We must keep a close eye on what these investors do for the rest of the year before making any decisions.
Kuiper noticed that since two years ago, four times as many people say they have invested in Ethereum.
By the end of the second half of 2022, 58% of the institutions surveyed had cryptocurrency. This was a 6% jump from the year before. Also, 78% of the people who answered said they would try cryptocurrency soon. According to the poll, the main reason is that people think the value of digital assets will rise over time.
A study done by Fidelity shows that institutional money is ready for cryptocurrency
Fidelity Investments polled institutional investors and found that 58% owned digital assets. This is 6 percent more than it was a year ago.
The next Prime Minister of England, Rishi Sunak, likes cryptocurrencies. After a busy week in UK politics, Rishi Sunak was sworn in as the new Prime Minister of England. Yes, this story is about crypto in some way. Before Theresa May, England was run by Liz Truss.
Sunak, Chancellor of the Exchequer at the time, has made it clear that he wants the UK to be a center for cryptocurrency. The UK House of Commons passed the Financial Services and Markets Bill last week. The goal of this bill is to make UK cryptocurrency laws stronger.