American investment banking giant Goldman Sachs conducted a survey among global insurance companies and it turned out that 6% of them invested or want to invest in cryptocurrencies.
How informed Goldman Sachs’ head of insurance asset management, Mike Siegel, surveyed 328 CFOs and CFOs from insurance companies around the world. Together, these companies make up about half of the global insurance industry. And 6% of respondents expressed interest in investing in digital assets.
“For the first time, we surveyed about attitudes towards cryptocurrencies. I thought there would not be a single interviewee interested in digital assets at all, but I was surprised. An impressive 6% of respondents said they either already invested in cryptocurrencies or are considering this,” Siegel said.
Most of all, representatives of American insurance companies are interested in investing in digital assets – 11%. In Asia, interest is less pronounced – 6% of respondents answered in the affirmative. And the Europeans are the most conservative – only 1% of respondents expressed interest in cryptocurrencies. At the same time, at the moment, about 2% of insurance companies have invested in cryptocurrencies.
“We asked some additional questions and realized that the leadership of companies interested in cryptocurrencies is doing this to understand the market and infrastructure. At the same time, if cryptocurrencies become a means of payment, then they want to be able to sell insurance policies for digital currency and accept contributions in cryptocurrencies, as they do now in fiat currencies,” Siegel added.
According to the study, 16% of respondents believe that cryptocurrencies have no prospects and will give the least profit over the next year. Earlier, analysts at the Bitstamp platform said that most investors are waiting for traditional assets to be crowded out by the rapidly expanding cryptocurrency market.
Source: Bits
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