The data which was shared with crypto news site, Decrypt, surveyed 50 wealth managers and 50 institutional investors in January 2021. Collectively, the participants of the survey had $110 billion under management and were located in the US, UK, Germany, and Switzerland.
A significant percentage of the respondents expressed optimism that the valuation of Bitcoin could grow significantly over the next few years. While 21% of the respondents said that 2021 will still be marked by a dramatic growth for Bitcoin, 56% of investors believe that the digital asset would only rise slightly.
About 40% of those surveyed viewed Bitcoin as a hedge against inflation and currency debasement.
Commenting in a press release, Anatoly Crachilov, co-founder and CEO of Nickel Digital said:
MicroStrategy is arguably the epitome of institutional investors wanting more Bitcoin. The business intelligence firm has continued to increase its Bitcoin holdings.
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Source: Cryptocurrency - investing.com
