30s Summary
A recent study by digital asset bank Sygnum reveals over half of institutional investors plan to increase their crypto investments, indicating a growing confidence in handling risk and an optimistic long-term outlook. The study gathered data from over 400 investors across 27 countries. A majority of them are open to investing more in digital assets within the next six months. Over 70% of investors are confident in digital assets due to Bitcoin’s rising price and the influx of ETF investments. Most respondents showed interest in Layer-1 blockchains and Web3 infrastructure. Despite regulatory hurdles, 69% of investors feel that regulations are becoming more precise.
Full Article
Crypto is on a roll, with more institutions looking to pile money into digital coins, according to a recent study by digital asset bank Sygnum. In their 2024 survey, more than half of institutional investors shared that they’re planning to increase their crypto investments. Confidence in the ability to handle risk and a long-term optimistic outlook were cited as the main reasons.
The survey collected data from over 400 institutional and professional investors spread across 27 countries. As crypto, particularly Bitcoin, hits record highs, the general feeling is positive. Many believe they’re making smart moves utilizing a mix of strategies to leverage opportunities, banking on the potential of the market to reshape conventional financial systems.
65% of respondents are positive about the long term and are considering investing more in digital assets in the next six months. Others would likely follow suit in a year. So far this year, Bitcoin’s price has risen over 110%, partly because of the arrival of U.S.-listed spot ETFs attracting billions of dollars from investors. This has in turn, boosted the confidence of over 70% of respondents in digital assets. Some even argue their superiority over traditional investments.
As for how the money is spent, more than half of respondents have invested over 10% of their funds in crypto. Nearly half of them are considering increasing their allocation in the next six months, while over a third plan to stick to their current investments until they find the perfect market entry time. Many prefer to invest in a single crypto token, and the majority are particularly interested in Layer-1 blockchains and Web3 infrastructure.
Access to properly regulated custodians for crypto assets and stringent investment rules were once obstacles for investors trying to get into digital assets. However, now 69% perceive that regulations are becoming clearer. As a result, concerns have shifted from regulations to market-specific risks and strategic planning. A whopping 81% shared that better information would motivate them to consider increasing their allocation. Exciting times for crypto, right?