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Laxman Pai, Opalesque Asia: 19% of surveyed institutional investors believe that digital assets will be regularly invested and traded in by 2021, said a survey by the Global Blockchain Business Council.
According to the poll of 71 institutional investors worldwide, 41% of respondents will start investing in initial coin offerings (ICOs) within the next five years.
The growth of the digital asset industry can increase the ICO market, as 16% of those surveyed responded that they would invest in that sector within three years.
A further 28% believe this will happen in four or five years' time, and 21% anticipate it happening between six and ten years' time. Only 23% envisage a scenario where institutional investors will never invest in ICOs.
Sandra Ro, CEO of the GBBC, said that by 2027, crypto and digital assets would consist of at least 10% of the global GDP.
"However, before its potential can be truly realized, there needs to be a stronger regulatory environment, which governments and regulators seem committed to delivering," Sandra added.
Last month, in another survey, GBBC said that 40% of institutional investors believe blockchain may be the most important innovation since the internet.
The GBBC's findings revealed that 40% of institutional investors that responded to its survey think blockchain "could be the most transformative technology since the internet."
In yet another poll, 63% of the respondents did not even clearly understand the way b...................... To view our full article Click here
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