Institutional investors are actively recommending digital assets to their clients, according to a recent survey by crypto exchange platform Bitstamp. The Bitstamp Crypto Pulse analysis found that the majority of institutional investing decision-makers are backing crypto assets as investments for their clients, based on a poll of over 5,500 professional investors and 23,000 retail investors from 23 countries around the world. “Institutional investors are now actively recommending crypto to their clients and retail investors are beginning to use crypto beyond a simple trade. This is a key area to watch in subsequent waves to gauge how the current financial climate drives adoption of crypto outside the original ecosystem.” According to the study, 68 percent of institutional investors asked are actively endorsing cryptocurrency, while 15.2 percent are cautiously doing so. Only 6.4 percent of respondents indicate they do not advise their clients to invest in virtual assets. According to the Bitstamp report, approximately 40% of both retail and institutional investors started trading digital assets only two years ago. When asked if they plan to increase their digital asset holdings over the next five years, 72 percent of institutional investors say yes, while 73.1 percent of regular market participants say yes as well. In addition to increasing their crypto-asset allocation, the study finds that 33.8 percent of institutional investo...
What Happened In Crypto This Week?
