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Komfie Manalo, Opalesque Asia: A survey by research provider Peltz International showed that a majority of alternative investment managers have a positive outlook for cryptocurrencies. Interestingly, Peltz conducted the survey during the period when bitcoin prices dipped to $6,914 before bouncing to $8,689.
According to the survey, 57% of alternative asset managers had a positive outlook for cryptocurrencies while 28% were negative. In addition, the managers forecasted bitcoin prices to reach $17,165 for the year-end.
Lois Peltz, president of Peltz International and author of the report, observed that traditional alternative investment managers are gradually getting into cryptocurrencies. "Of the managers surveyed, over three-quarters do not currently trade cryptocurrencies. Cryptocurrencies accounted for 4.5% of the surveyed managers' total assets under management."
About 44% of those surveyed expect stronger regulation in the US over the next few years which would lead to wider acceptance. Another 13% felt wider acceptance would come with more education. Another 6% expect more blockchain applications while the same percentage expect fewer coins.
According to the surveyed managers, the most important way for cryptocurrencies to gain wider acceptance is to have wider bank acceptance, improved government regulation and more education. Retail acceptance, more secure storage and increased payment p...................... To view our full article Click here
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