Fidelity Revealed 80% Of Investors Find Cryptocurrency Appealing

12593556_10205735480657537_3835976740831778163_o
Priyanka Kulkarni
Priyanka Kulkarni, post-graduated in Business Administration holds worthy experience in market research and investment banking. She is passionate to flaunt her perception towards cryptocurrencies.
  • According to the American multinational financial services firm Fidelity, investors have inclined their interest towards cryptocurrency from 22% in 2019 to 27%.
  • With the survey, Fidelity discovered that over 80% of investors find digital assets impressive.
  • The survey explored that cryptocurrencies now regarded more favorable, unlike other assets.

According to the American multinational financial services firm Fidelity, investors have inclined their interest towards cryptocurrency from 22% in 2019 to 27%.

Digital assets do not correlate with other asset class

Advertisement


As per a recent survey by Fidelity from November 2019 till March 2020, a total of 800 investors were interviewed. In which 400 from the US and 400 investors from Europe have participated.

However, the survey consists of various segments that include financial advisors, family offices, crypto hedge and venture funds, endowments and foundations, and traditional hedge funds.

Moreover, the company notified that the majority of survey responses gathered online while others through telephone. With the survey, Fidelity discovered that over 80% of investors find digital assets impressive. As per investors, the significant feature of the digital asset is that it does not correlate with any asset class. And it is exposed to advance technology.

Besides this, the individuals who have invested in cryptocurrency. Out of them, 59% of institutional financial specialists in the United States have a direct introduction to cryptos, Fidelity said. This means they hold the asset itself rather than futures, options, or some other derivative.

However, 26% of institutional investors hold Bitcoin, while 11% goes for Ethereum.  In general, the survey explored that cryptocurrencies now regarded more favorable, unlike other assets.

The US investors are optimistic towards digital assets

Fidelity stated that US investors have expressed a positive perception towards digital assets increasing from 43% to 58%.

Moving further, the European investors find investment in the crypto more fruitful. But only a quarter of them has invested in BTC and quite less in ETH.

Fidelity is a leading brokerage firm in the US. That offers fund distribution and investment advice, cryptocurrency, index funds, and many brokerage services.

Hot News

Coinbase Effect Pumps Band Protocol (BAND) More Than 40%

The band protocol has seen a 45% rise following its listing on Coinbase pro. Coinbase officially announced that starting from August 10,...

Wall Street’s Interest In Cryptocurrency Could Attract Institutional Investors

The Bitcoin prices have rallied to create new records to hit the year high of $11,000 on August 2, further strengthening to above...

ViaBTC CEO Has Announced His Plans Of Considering a BCH Hardfork, Bitcoin Cat

Haipo Yang has been considering building a new Bitcoin fork that is derived from Bitcoin Cash. As of now he has named it...

BaFin Closes All Unauthorised Crypto ATMs In Germany

BaFin has recently shut down all Bitcoin ATMs across Germany. Few months back BaFin had banned all the unauthorised cryptocurrency ATMs under the...

Dan Morehead, CEO, Pantera Capital, Predicts Bitcoin Markets to Stay Bullish in 2020

Dan Morehead, CEO, Pantera Capital, chanced upon Blockchain, was fascinated by it, and never went back to engineering. Pantera Capital became the first...

Crypto Derivatives, ETH Futures Sees an All-Time High

Digital currency derivatives were booming for the past two weeks and on Sunday Ethereum future contracts set an all-time high. Debrit, a popular...

Partners

RELATED NEWS

Coinbase Effect Pumps Band Protocol (BAND) More Than 40%

The band protocol has seen a 45% rise following its listing on...

Wall Street’s Interest In Cryptocurrency Could Attract Institutional Investors

The Bitcoin prices have rallied to create new records to hit the year...

ViaBTC CEO Has Announced His Plans Of Considering a...

Haipo Yang has been considering building a new Bitcoin fork that is derived...