The rising demand from large investors for cryptocurrencies creates an incentive for wealth managers and financial advisers to study the developing asset class. This was stated by Fidelity Institutional Asset Management chief Michael Durbin in an interview with Reuters.
According to the expert, family offices and investment advisers have grown more familiar with digital assets, but their adoption is still in its early stages.
“The vast majority are still in ‘learning mode'”, Durbin said.
The top executive expects growing interest in Bitcoin and other cryptocurrencies. In his view, the driver will be the desire to increase the share of the so-called альтернативных инвестиций.
“The cryptocurrency market will attract a portion of capital inflows into alternative investment instruments. Advisors will need to understand how to integrate digital assets into portfolios”, the specialist said.
In June 2020 Fidelity said that one in three of the 774 major clients surveyed in the US and Europe had already included digital assets in their investment lists.
In late December, Fidelity Investments chief Abigail Johnson said that the incredible success of the crypto custody service launched in October 2019 for institutional clients.
Follow ForkLog news on Twitter!