Study shows professional investors anticipate mainstream adoption

What 

A survey conducted by Nickel Digital Asset Management (Nickels) found that 84% of respondents anticipate wider use of cryptocurrencies in the investment space

Why 

The survey was conducted among 200 wealth managers and institutional allocators who are influential in their fields

What next 

The participants foresee mainstream adoption of digital assets and anticipate wider use cases

The story 

A survey conducted by Nickel Digital Asset Management (Nickels) found that 84% of respondents anticipate wider use of cryptocurrencies in the investment space. The London-based study was conducted with 200 wealth managers and institutional allocators. 

50% of the professional investors in the survey thought that digital assets may play a role in portfolio diversification in the future. The common use cases the investors referred to were tokenisation of more traditional assets, a new mechanism to facilitate the transfer of funds, and a decentralised financial platform. 

Anatoly Crachilov, the cofounder and CEO of Nickels said in a note that ​​“There is little doubt that Bitcoin is increasingly being accepted as an established asset class.” And in keeping with this prediction, Goldman Sachs became the first major US bank to make an over the counter Bitcoin trade earlier this month. 

Nickel’s survey revealed that only 3% of the participants thought that mainstream adoption may not happen and 13% felt that it was too early to say. However, 50% of the participants reported that blockchain and digital asset technology have viable scalability and a fair chance of achieving mainstream adoption. 

Speaking about digital assets in a statement, Crachilov referred to the “gradual regulatory acceptance of them in key countries. This is clearly reflected in the overwhelming majority of professional investors who believe digital assets will be mainstream.”

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