The Global Blockchain Business Council (GBBC) recently held a survey to understand the needs and the future actions of institutional investors in the cryptocurrency world. The GBBC learned in this study that 19% of participants see digital assets as being a regular part of investments and trading by 2021.
The survey took from December 2018 to January 2019, using PollRight as their market research company. There were 71 global institutional investors involved, which includes pension funds, hedge funds, and private equity. With the potential growth that the survey indicates, there’s a chance that 16% would be investing in the initial coin offering (ICO) sector of the market in the next three years.
A much larger portion of those surveyed (41%) think that it will take five years for institutional investors to be completely invested in the sector instead, while 23% believe that there will not be any kind of potential for institutional investors and ICOs.
CEO of GBBC, Sandra Ro, spoke on the recent press release, suggesting that a minimum of 10% of the crypto and digital market would be made up by the global GDP. Two other surveys were released by the GBBC that discussed the institutional investors.
In one poll, 63% of the respondents did not even clearly understand the way blockchain technology works or even what it is. The other survey showed that 40% of institutional investors viewed blockchain technology as the most important technological advancement since the internet came to be.
Grayscale Investments, a crypto assets management fund, published their Q4 2018 report, which indicated that the majority of digital assets investments were actually performed by institutional investors. The official data reported that 66% of all investors in these endeavors were institutional investors, as of February 15th.
Bitcoin (BTC), Ethereum (ETH), XRP (Ripple), and BCH Price Analysis Watch (Feb 15th)
