Major American investment company Fidelity conducted a survey that showed that the institutional adoption of cryptocurrencies is still at a high level.
Fidelity has published the results of its study, according to which 58% of institutional investors invested in digital assets in the first half of 2022, up 6% from last year.
In addition, 74% of companies said they plan to buy digital assets in the future. In 2021, just 45% of firms said they had a positive attitude towards cryptocurrencies, and this year this number has grown to 51%.
“In recent months, the cryptocurrency market has experienced serious turmoil, but despite this, we believe that the fundamentals of digital assets are still at a high level. We also believe that the institutionalization of the industry in recent years has helped it survive the recent events,” said Tom Jessop, president of Fidelity Digital Assets.
The company noted that the survey took place until the end of June, when investors could still invest in the industry, despite falling prices. The Fidelity survey included 1,052 institutional investors from the US, Europe and Asia.
Earlier, the CEO of the cryptocurrency derivatives exchange BitMEX, Alexander Hoptner, also said that he does not see a decrease in interest in the cryptocurrency industry from institutional investors.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
