Survey: 90% of institutional investors plan to buy more Bitcoin

Forty-five of 50 pension funds and insurers in the United Kingdom and the United States, with assets of $78.4 billion, are expected to increase their investments in cryptocurrencies over the next five years. The finding comes from a survey by crypto-insurance provider Evertas and analytics firm Pureprofile, reported by DeCrypt

84% of respondents said that an expected improvement in market regulation would spur institutional investor interest, while 80% cited liquidity growth as a reason.

64% of respondents are confident in positive momentum for investments in cryptocurrencies. Twenty-six percent believe growth rates will rise radically.

Thirty-eight of the 50 respondents expect financial-services providers to move into the cryptocurrency space. The move will be driven by negative rates on traditional financial instruments.

A barrier to active investment growth is the lack of a suitable insurance coverage option for crypto investments. This was stated by representatives of 28 of the 50 firms. Respondents also noted insufficient regulatory compliance among companies serving institutional clients.

Earlier, it was noted that the interest of American institutional investors in gold could positively influence Bitcoin’s broad adoption, stated Dan Tapiero, co-founder of Gold Bullion International and 10T Holdings.

According to him, a major step in this direction was taken by the Ohio Police and Fire Pension Fund, which invested $168 billion – 5% of total investments – in gold, thereby hedging itself against inflation amid the global dollar recession.

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