Fidelity Investments conducted a survey among nearly 800 clients, including pension, digital and traditional hedge funds. The results indicate a gradual recognition of cryptocurrency

36% of the 774 large institutional investors surveyed in the US and Europe own bitcoin and other digital assets. A corresponding study was conducted by the financial corporation Fidelity Investments, reports Bloomberg .

Fidelity Investments noted that over the year in the USA, the share of institutional investors who invested in cryptocurrency increased from 22% to 27%. These include pension funds, digital and traditional hedge funds, investment advisors and other market participants. Among European "institutional" this figure is higher - 45%. The head of the corporation, Tom Jessop, believes that this indicates the gradual recognition of a new type of asset by society.

“The results confirm the growing trend of interest and recognition of digital money as a new investment asset class,” said Tom Jessop.


He noted that the increased demand for cryptocurrency among European institutional investors is explained by more loyal laws and the prevalence of negative interest rates. Market participants turn to bitcoin when other assets do not generate income. However, the growth of interest in cryptocurrency is hampered by the volatility of its rate.

In early June, Bloomberg issued a report that also indicated an increase in demand for digital assets among institutional investors. This was called one of the reasons why the Bitcoin exchange rate could rise to $ 20,000 by the end of the year.