The whole crypto market is gaining enormous attention worldwide can no more be denied. Whereas some of the most influential personalities like Elon Musk as well as Serena Williams have finally started revealing the true potential of this astonishing market.
A recent survey reveals that 18 % growth of Institutional Investors in the crypto market is estimated within 5 years.
Well, the boundaries of the crypto world seem to be expanding even more than expected when a recent survey by Fidelity Investments revealed some really positive statistics about the cryptocurrency exchanges. It said there is an immensely high probability for the cryptocurrencies to receive Institutional Investment over the next 5 years. It also clearly revealed in the survey that 441 institutional investors which also includes pensions, hedge funds as well as endowments seem to be planning the investment outlook for bitcoin as well as other cryptocurrencies.
WHAT MORE DID THE SURVEY REVEAL?
Quite fortunately, this survey didn’t only reveal the probabilities but also the present scenario of the investors. It was found that almost 22% of the respondents have already purchased cryptocurrency.
Truth be told, if the survey was conducted with utmost accuracy and the data found is authentic, then this actually a remarkable upliftment in itself. It is so because 2016 witnessed almost Zero Institutional Investments in 2016.
Not just this, it was also clearly seen from the data that 4 out of 10 respondents were wholeheartedly open to future investments in cryptocurrency and that too within the upcoming years.
Therefore it can be quite firmly estimated that, if there is no change in the opinions recorded in this survey, then this would mean that institutional investors could actually increase more than 18% of over the next 5 years.
Keeping all these facts in and figures in mind, this is what Tom Jessop, the president of Fidelity Digital Asset, had to say:
“We’ve seen a maturation of interest in digital assets from early adopters, like crypto hedge funds, to traditional institutional investors like family offices and endowments. More institutional investors are engaging with digital assets, either directly or through service providers, as the potential impact of blockchain technology on financial markets—new and old—becomes more readily apparent.”