As a result of a survey indicating that 22% of institutional investors are willing to participate in or directly invest in cryptocurrency transactions such as bitcoin, the demand base is expected to further expand.
When JPMorgan, a comprehensive financial investment bank in the United States, surveyed institutional investors who transacted with the company about their willingness to invest in bitcoin, 22% of respondents said that they are likely to participate in or invest in transactions.
These figures are twice the number of respondents (11%) who are already trading or investing in bitcoin, and as a result of rising interest through the surge this year, more institutional investors claim that in the future more institutional investors will be able to accept cryptocurrency. Is interpreted as supporting
With Tesla publicly proclaiming its bitcoin investment, it is revealing that large hedge funds such as Blackrock could also be exposed to cryptocurrencies.
Nevertheless, as can be seen from this result, 78% of institutional investors, an overwhelming majority, said they did not plan to invest or trade in cryptocurrency, and 98% of respondents reported’some’ or’very’ fraudulent behavior in the cryptocurrency ecosystem. They replied that they believe it is widespread.
Despite these underlying negative perceptions making investments in cryptocurrency reluctant, 58% of respondents said they would still be’accepted’ as a new asset. On the other hand, about 7% responded that cryptocurrency would be the most important core asset.
Meanwhile, according to public data from Square Inc., more publicly traded companies are starting to hold Bitcoin since the fourth quarter of last year. This coincides with the period of soaring bitcoin prices, confirming that institutional and corporate investments are the main force to increase the market value.
In addition, the latest data from bitcointreasuries.org, a website that tracks public and private companies holding bitcoins, found that more than 1.36 million bitcoins, or 6.49% of the volume in circulation, are owned by large corporations and hedge funds. Said that.
Cho Seilbo / Baek Sungwon Expert Committee [email protected]
Ⓒ Hankyung.com prohibits unauthorized reproduction and redistribution