A new survey has been published by Fidelity Investments. Biggest altcoin in survey Ethereum‘s domestic score increased by 5 points. Here are the remarkable details of corporate companies regarding cryptocurrencies.
According to different surveys published, the preferences of institutional investors are not very diverse. Companies bitcoin and continues to prefer Ethereum investment.
As the surveys show, cryptocurrency ownership is more common in Asia and Europe than in the United States. The rates are 65% and 42% respectively.
It was also noted that cryptocurrency adoption has increased significantly in 2022 despite a major market disruption. Despite this, this development is a very positive development for the market. 80 percent of institutional investors believe digital assets should be part of their portfolio.
Fidelity president Tom Jessop pointed out that prices have dropped significantly from their 2021 highs. As a matter of fact, he underlined that the fundamentals of cryptocurrencies remained strong despite the decline.
Jessop, due to increased institutionalization as a result cryptocurrencyHe added that the companies are better positioned to withstand long-term low prices.
Koinfinans.com As previously reported, Fidelity recently decided to hire 100 employees for the cryptocurrency. This move is very important in terms of expanding its work on cryptocurrencies.
Still, a significant portion of institutional investors expressed that they avoid exposure to cryptocurrencies. According to the survey, many are concerned about volatility and security risks.
Institutional Investors Critical to Investing in Crypto
The digital asset market has matured over the past few years. Despite this, there are still those who believe that it has been heavily manipulated.
Given that the previous bull run was mainly driven by institutionalization. The industry needs to resolve such issues on its way to attracting more traditional investors.
Developments regarding institutional investors are increasing their importance day by day. On the other hand, as long as legal regulations do not come, it will be very difficult to experience the desired growth.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.