Home
News
- 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
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.
