- The report was based on the market survey of July conducted by Pureprofile
- The survey included 50 evenly split investors from the UK and the US
- About 64% of them said they are expecting a rise in the crypto investments for the coming years.
Evertas, a cryptocurrency insurance company released a new report according to in upcoming five years crypto assets will receive more investments from the institutional investors. The report was based on the market survey of July conducted by Pureprofile. Early this year, Evertas in a seed funding round led by Morgan Creek Digital has raised a sum of $2.8 billion. They will be the development of crypto insurance products. The report released by Evertas focuses on the entanglement of the same; insurance products and the investment scenario in the industry.
The survey included 50 evenly split investors from the UK and the US. Evertas survey which included investors managing a fund of $78.4 billion worth of assets. About 64% of them said they are expecting a rise in the crypto investments for the coming years.
Another 26% of them believes that the change won’t be a slight but rather a drastic shift towards crypto assets. They said this shift will come from pension funds, insurers, sovereign wealth funds and family offices. The major increase will be seen in bitcoin but other cryptocurrencies will also make an impactful growth.
Current Problems in the Crypto Investments
Several pressing problems shall be solved in the future before crypto investment will be considered a mainstream investment option. Same was revealed in the report as well, where lack of suitable insurance coverage for crypto investments was reported by the 56% and stated it as very concerning matter. A similar per cent, 54% of investors are highly concerned about the compliance procedures and practices that are being provided to institutional investors by crypto-based companies.
Reasons for Growth
When surveyed when asked upon for the reason behind their stance on their opinion of increase in crypto investment. Around 84% of them said, cryptocurrency may not have a strong infrastructure and regulatory body at present but it is likely to improve in the future. Another 80% holds the opinion that the greater liquidity will be provided in the future as the market will expand in future. While some (approx 76% ) believe that traditional investors and fund managers will divert towards the market and also mentioned the increase in options available to invest.