January 7, 2022
Nickel Digital Asset Management, which conducted a survey among 50 wealth managers and 50 institutional investors across the U.S., the U.K., Germany, France and the United Arab Emirates came out with interesting findings, Bloomberg reported.
Investors are concerned about security more than crypto’s volatility or lack of regulations.Investors are concerned about security more than crypto’s volatility or lack of regulations.
Among the survey subjects, who altogether manage around $108.4 billion, 79% see asset custody as the key consideration whether to invest in this space. Furthermore, 67% said price volatility, 56% – market cap, and 49% – regulatory environment. The remaining 12% included the carbon footprint from Bitcoin and other cryptocurrencies in their top three reasons for not investing.”
Respondents seemed optimistic about changes that will be brought by the U.S. Securities and Exchange Commission. “If the SEC is granted these extra powers, 73% of institutional investors and wealth managers believe this will have a positive impact on the price of crypto and digital assets and 32% believe it will have a very positive effect,” the report said.
