A survey by crypto fund Nickel Digital found that 40% of institutional investors and asset managers who own cryptocurrencies bought bitcoin to protect against inflation.
According to the survey, more than 85% of digital asset owners plan to increase their cryptocurrency investments over the next two years. 56% expect bitcoin to grow slightly, while 21% expect the asset to rise further in 2021.
The survey included 50 institutional investors and 50 asset managers totaling $110 billion from Germany, Switzerland, the United Kingdom, and the United States in January 2021.
Recall that according to a recent survey of U.S. residents, retail investors have more faith in Cardano than bitcoin. The altcoin was supported by 31.8% of respondents versus 22.2% for digital gold.
Earlier, a Goldman Sachs survey showed that 40% of the bank’s clients own cryptocurrency. Of those, more than 60% expect assets to grow over the next 12-24 months.