Institutional investors are increasingly looking to motion into cryptocurrency investment to grow their revenues in the long term, a new survey revealed.

Equally many as 62% of global institutional investors with nada exposure to cryptocurrencies like Bitcoin (BTC) said they expect to make their first investments in cryptocurrencies inside the next year, co-ordinate to a new survey by European investment managing director Nickel Digital Asset Management.

Released Tuesday, the survey interviewed l wealth managers and 50 institutional investors beyond the Us, the U.k., France, Frg and the United Arab Emirates. Nickel conducted the survey online in May and June 2022.

According to the survey results, the main reason for institutional investors' starting time cryptocurrency investment is the potential capital increase in the long term, with 47% of respondents citing this gene. Forty-four percent of respondents cited growing confidence in crypto as an asset class with corporates and fund managers increasingly investing in cryptocurrencies.

40-one percent of respondents also indicated that they were willing to invest in crypto for the first time due to the improved regulatory environment, while 34% considered crypto as a good hedge against inflation.

"At that place is no doubt that the crypto assets market is becoming more than mainstream in the institutional and wealth direction sectors," Nickel's head of business development, Henry Howell, said. Co-ordinate to the exec, the growing institutional adoption is driven past several factors including solid market performance during the COVID-nineteen crisis and growing corporate involvement likewise as the industry'southward improving infrastructure and regulatory framework.

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The survey further reconfirms the growing institutional adoption of the crypto manufacture. Co-ordinate to a report by European digital asset manager CoinShares, institutions have been increasingly accumulating crypto holdings for five sequent weeks as of mid-September.

In July, Nickel released a survey suggesting that the biggest reason stopping institutional investors from moving into crypto was the security of crypto custodial services, followed past the regulatory environment and crypto volatility.