Altcoin News: Survey: More Than 90% of Trust Funds Test Cryptocurrency Investments

April 15, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

A study conducted by Global Custodian, The TRADE Crypto and BitGo, shows that 94% of trust funds are exploring the possibility of investing in cryptocurrency.

The study took place in the fourth quarter of last year. There were analyzed the actions of 150 funds, mainly from the United States. 94% of respondents indicated that they had invested in the cryptocurrency industry in the past 12 months.

The researchers noted that respondents are aware of the risks of investing in this class of assets, but only 7% of them expect a reduction in investment in cryptocurrency next year. For the most part, trust fund representatives worry about an underdeveloped market infrastructure, regulatory issues, volatility, and a lack of liquidity.

“It is surprising that, despite the listed fears and problems of the cryptocurrency industry, trust funds are investing in it and very few are going to withdraw money from this market. Previously, there was much talk about institutional investors and their arrival in the industry, and it turns out that they are already here in the form of trust funds,” said Jonathan Watkins, managing editor of Global Custodian and The TRADE.

It is noteworthy that more than half (54%) of the respondents directly invested in the chosen set of cryptocurrencies. The remaining 46% used the services of various companies and funds. With only half of the respondents expect growth in investments in the class of digital assets, and 45% of respondents believe that the volume of investment will remain the same.

Note that the other day, the founder and CEO of Xapo, Wences Casares, said that any investor should have Bitcoins in his portfolio.

Author: Marko Vidrih