|
Laxman Pai, Opalesque Asia: One in three (33%) surveyed institutional investors and wealth managers in Europe predict that professional investors with an allocation to Bitcoin will dramatically increase the allocation to altcoins (a cryptocurrency other than bitcoin) class of cryptocurrencies.
According to the latest research from Nickel Digital Asset Management, 32% of these institutional investors predict that those who have invested in Bitcoin will invest in altcoins over the next 12 months.
Notably, about 33% of the investors believe that the investment will involve a significant amount, while 29% project their altcoin investment will be gradual.
On the motivation behind the planned altcoin investment, 54% of respondents cited the main reason as the fact that the range of cryptocurrencies has seen their market cap reaching meaningful thresholds and establishing leadership positions.
Another group was 45% of all applicants, which stated that it was because crypto assets are showing attractive diversification benefits from bitcoin. The last group (44%) justified this by saying that the upside potential of the altcoin market warrants a long-term portfolio allocation.
Anatoly Crachilov, co-Founder and CEO of Nickel Digital, said: "Many DeFi protocols have seen their market cap increasing dramatically over the past year, with valuations rising faster than Bitcoin. These assets are addressing real-life use cases and are based on greater programmability than Bi...................... To view our full article Click here
|
RSS
