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The adoption of cryptocurrencies throughout 2019 continues to be at an unprecedented level, as the number of institutional investors in the sector is also increasing.
According to results In a study published on April 12, 94% of endowments surveyed said they made investments related to cryptography, with 50% of respondents saying they plan to increase their position over the next twelve months. .
The study, conducted in the fourth quarter of 2018 in conjunction with Global Custodian and The Trade Crypto publications, as well as BlockGoha security firm, BitGo, concluded that the money endowments had seen a mbadive increase in investment in cryptocurrency in recent years. Of the 150 endowments studied, 89% were based in the United States, the rest coming from the United Kingdom and Canada. Only 6% of respondents said they are not currently invested in cryptocurrency or crypto products.
The vast majority of endowments surveyed said they have a positive view of the growth of cryptocurrency and its financial products over the next decade. Only 7% of respondents planned to reduce their current position in crypto over the next 12 months, and 50% of them indicated that they planned to do the opposite by strengthening their position.
Jonathan Watkins, managing editor of Global Custodian and The Trade, said the expectation of institutional investment in cryptocurrency was actually more than anticipated – most companies are investing actively in the space for a year and a half,
"All the debates over the past 18 months have been around when institutional investors will start to participate in cryptocurrency investments, but it turns out that they had already arrived, in the form of staffing. "
The majority of endowments surveyed hold cryptocurrency, with 54% of respondents stating that they have directly invested in cryptographic badets. 46% said they invest indirectly in cryptocurrency through the use of crypto-diversified funds.
It is interesting to note that the results of the survey revealed that most endowment funds are looking to future regulation as a criterion for investment in a project. Endowment funds indicated that the ability to comply with future regulations, sufficient liquidity, and account security were the three most important characteristics for the selection of cryptocurrency funds and digital badet projects. An anonymous respondent told The Trade that, in his opinion, cryptocurrency "is the future of investment," which led the publication to conclude that the general principle of respondent optimism is cautious optimism for the sector.
Since the announcement of the bomb by J.P. Morgan Chase to develop their own currency, the JPM Coin, banking adoption and institutional investments are on the rise. Harvard, in particular, is at the forefront of the current trend in academic investment, namely to actively invest in cryptocurrency and crypto-cryptography projects. More recently, Ivy League University has spent part of its $ 39 billion endowment on an investment in Blockstack Tokens, a startup that is trying to revolutionize decentralized computing.
Although cryptocurrency has been criticized for its high price volatility, especially throughout the "crypto-winter" pricing of the market in 2018, the sector is on the rise throughout 2019. L & # 39; adoption continued to be a source of optimism for both investors and developers. new sectors and finds more lawyers in the field of fintech.
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