A recent study by cryptocurrency exchange Bitstamp revealed that institutional investors are actively recommending digital assets to their clients.
The Bitstamp Crypto Pulse report, which included more than 5,500 professional investors and 23,000 retail investors from 23 countries around the world, revealed that the majority of institutional investment decision makers approve crypto assets as investments for their clients.
Institutional investors are now actively recommending cryptocurrencies to their clients and retail investors are beginning to use cryptocurrencies beyond simple transactions. This is a key area to watch in subsequent waves to gauge how the current financial climate is driving cryptocurrency adoption outside the native ecosystem.
According to the study, 68% of institutional investors surveyed said they actively recommend cryptocurrencies, while 15.2% said they do so with caution. Only 6.4% say they do not recommend virtual assets to their clients.
The Bitstamp study also revealed that nearly 40% of individual and institutional investors started trading digital assets just two years ago.
When asked if they plan to grow their digital assets over the next five years, 72% of institutional investors said they plan to do so, while 73.1% of retail market participants gave the same answer.
Besides increasing their allocation to crypto assets, the study also found that 33.8% of institutional investors intend to learn more about the nascent industry, 33.4% seek to expand their knowledge base for their businesses and clients, and nearly 30% aim to invest in increasing their digital asset offerings.
The full report can be read here.
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Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should perform their due diligence before making high-risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and transactions are at your own risk and that any loss you may incur is your responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets, and The Daily Hodl is not an investment advisor. Please note that The Daily Hodl is involved in affiliate marketing.
Main image: Shutterstock / Teo Tarras / Natalia Siiatovskaia