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Cryptocurrency, institutional investment –A new survey has results that could be relevant for current cryptocurrency investors and those seeking large-scale institutions to enter the market in the short term.
According to a survey conducted by the Global Blockchain Business Council (GBBC) and reported to CoinTelegraphForty-one percent of institutional investors surveyed expect to enter the ICO sector in the next five years, and 16 percent say it will happen within the next three years. Despite the abundance of fraudulent schemes, total theft and the general lack of regulation, the ICOs continued to be viewed with as much skepticism as innovation. For institutional investors, country offices appear to be the fastest entry route for new and start-up coin projects, similar to the current landscape of angel investments in traditional markets.
While 23% of institutional investors surveyed said they did not believe the ICO market offered investment potential, a higher percentage indicated their intention to engage in cryptocurrency in a shorter period of time. forecasts for the coming decade. In addition, 19% of investors surveyed said they believe that digital badets will be invested regularly by 2021, which demonstrates the legitimacy of the cryptocurrency market, which could weigh even more heavily with the SEC's imminent decision. on exchange-traded funds Bitcoin.
The survey, which was conducted in December 2018 and January 2019, gives an indication of the fact that institutional investors and large capital investors are turning to cryptography with more interest than expected, given the current down cycle. While some badysts have discussed lower valuation of Bitcoin and altcoins, others see a realignment of the market as the industry as a whole outpaces short-run price speculation that has led to exponential growth in market capitalization. at the end of 2017.
Sandra Ro, CEO of GBBC, pointed out in the poll that cryptocurrency and digital badets would account for at least 10% of global GDP by 2027, marking a substantial growth curve for the market over the course of the year. next decade.
GBBC's most recent report was published in light of the results of the survey released last month, which also badessed the institutional investor landscape against cryptocurrency. At the time, GBBC reported that 63% of investors surveyed observed a lack of understanding of blockchain technology among senior advisors, giving them insight into the current composition of decision makers. Given the novelty and complexity of cryptocurrency in conjunction with existing financial models, there has been a regular focus on industry development through broader education and training. field efforts to dispel the myths of crypto. The goal was organic growth and adoption in the real world, instead of forcing technology and the concept to well-established parts, the growth of the corresponding valuation being a natural product of the acceptance of Wall Street and Main Street.
Compared to their previous study, GBBC also released polling results in January that revealed that 40% of institutional investors claimed that blockchain was the most important technological innovation since the development of the Internet. Senior executives may not understand the monumental change that cryptocurrency and blockchain bring to the financial technology sector – and beyond – investors are increasingly establishing this link.
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