Fidelity: one third of the US and European investors hold crypto

The recent poll made by Fidelity Digital Assets shows that one third of investors in the USA and Europe have invested in cryptocurrencies that is a sign of improvement of the public acceptance of crypto.

Positive outlook for cryptos.

Fidelity Digital Assets has published the results of a poll that has been conducted among institutional investors in the USA and Europe. Showing the sustained growth and better acceptance of digital assets’ value, the survey accords with other recent reports on institutional investments.

Fidelity Digital Assets published the results of a survey carried out from November, 2019 to March, 2020. It shows positive signs of Bitcoin’s acceptance by institutional investors. Thus, one third of the US and European institutionalization hold bitcoin, other digital assets or derivative financial products.

The results provided by Greenwich Associates demonstrate that European investors trust BTC more than their US colleagues. 45% of European investors have put money into digital assets while in the USA this number is 27%. Over 25% of investors prefer BTC, and 11% – Ethereum. Fidelity Digital Assets President Tom Jessie called negative sentiments of the EU market the potential reason for such support, “Europe is probably more propitious and competent. Something is going on in Europe, banks are establishing negative interest rates in many countries. So Bitcoin may seem to be a more appealing investment opportunity as most of other assets are unprofitable.

These results confirm the tendency we observe on the market towards rising the interest in digital assets and their acceptance as a new investment opportunity”.

Although not all of the respondents have included digital assets in their investment portfolios, most of them tend to see high potential in cryptos.

Almost 80% of investors find cryptos “appealing”.

This is what the survey says:

36% of respondents like the fact that digital assets are not correlated with other assets;”

34% of respondents claim this is an innovative technology;

33% reported it has high potential for growth;

25% of European investors appreciate that it does not depend on government while only 10% of US contributors underlined this.”

Nevertheless, there are some difficulties for institutional investors who noted high price volatility as the biggest problem.

More than half of respondents felt it, and slightly less than half were concerned about market manipulations. The point is that US investors have become more loyal to crypto in comparison with last year.

Bullish Bitcoin

Grayscale investments demonstrate high institutional growth.

Grayscale Investments have also provided a lot of information over the recent months that indicates interest growth: clients purchase Ethereum (ETH) with 700% income as opposed to spot market.

Grayscale Investments have also provided a lot of information over the recent months that indicates interest growth: clients purchase Ethereum (ETH) with 700% income as opposed to spot market.

The firm’s assets have shown 10 fold growth since the first quarter of 2019, and its CEO Barry Silbert says they expect further rise.

Asset management firm has expanded its crypto services buying more BTCs than has been mined since the last halving and half of all ETHs mined in 2020.”