قالب وردپرس درنا توس
Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ 94% of Endowments ALREADY Invested in Crypto Industry

94% of Endowments ALREADY Invested in Crypto Industry



Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $ 400 discount on the code "CCN + Hacked". Sign up here.
Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $ 400 discount on the code "CCN + Hacked". Sign up here

At CCN: While bitcoin bears joyfully proclaim that Wall Street will never crypt, the evidence shows that major institutional investors already have

Survey: 94% of Endowments Have Exposure to Crypto Industry

Global Custodian and The TRADE Crypto in partnership with BitGo found a survey that invested 94 percent of 1

50 endowments in crypto initiatives in the past year amid an intense bear market.

The survey discovered that 141 endowments have invested in the crypto market in the last 12 months, indicating a noticeable increase in institutional demand in the asset class

Jonathan Watkins, managing editor, Global Custodian and The TRADE, said:

"It's fascinating to see that despite the widely publicized concerns about regulation, custody and liquidity, endowments have been factoring crypto-related investments into their allocations, and very few are showing intentions of stepping away. All the talk over the past 18 months has been around when institutional investors will begin to participate in cryptocurrency investments, but it has already come out, in the form of endowment funds. ”

In 2018, Grayscale's quarter 4 report noted that 66 percent of all investments in its investment vehicles such as the Bitcoin Investment Trust came from institutional investors

Why Did Institutional Demand Rise During Intense Crypto Bear Market?

Previously, speaking to CoinTelegraph, Gabor Gurbacs, a digital asset strategist and director at VanEck, stated that the price of bitcoin or other crypto assets is not a concern for institutional investors.

Rather, for institutions, the structure and the transparency of investment vehicles or custodial services that are available in the cryptocurrency market is of utmost importance in engaging in any investment in the sector.

“Large financial institutions are more focused on proper market structure than short term price fluctuations. How do we properly value digital assets? How do we make digital assets? Are their ETFs available with proper market and investor protections? Most large institutions do not really care if Bitcoin ends 2019 at 3,000 or 10,000. The think market structure is getting better every day and crypto start to look more and more like the commodities and equities markets, "Gurbacs said.

Recently, with the decision of major financial institutions such as Fidelity to offer regulated cryptocurrency custodial services,

 bitcoin price

The bitcoin price is up to 20 percent in the past month. | Source: coinmarketcap.com

Perhaps more importantly, than Xapo CEO Wences Casares said, it is possible that the activity in the crypto industry follows an 80 percent decline in value may have served as evidence to investors that the asset class and the industry that surrounds it is not a fad

As Casares said in his essay entitled "The case for a small allocation to bitcoin," the dominant cryptocurrency has a solid chance of succeeding after a decade of operating without interruption and a consistent increase in the number of users.

or succeeding, "Casares noted.

Will Institutions Fuel the Next Bitcoin Wave?

CCN recently reported that Harvard Endowment invested in Blockstack, a company behind the digital asset stacks Token. [1 9659006] Alternative cryptocurrencies present at more risky investment option over bitcoin because of the question on their longevity and survivability. Still, institutions are seemingly taking risky bets within the cryptocurrency market as well as investments in bitcoin, indicating that the confidence of institutions remains relatively higher than before.

The 2017 bull market was primarily fueled by retail investors that brought the valuation of bitcoin to around $ 20,000. It remains to be seen whether the next wave of bitcoin bulls will be led by institutions.


Source link