Why institutions suddenly give a damn about Bitcoin
Cointelegraph
Published Nov 28, 2020 12:37PM ET
Updated Nov 29, 2020 03:40PM ET
Without a doubt, Bitcoin (BTC) has become an increasingly popular asset to own among institutional investors. By the end of the second quarter of 2020, Fidelity reported in a survey of almost 800 institutional investors that 36% owned crypto assets. A separate survey, conducted by crypto asset insurance company Evertas, shared that respondents believe hedge funds will increase their crypto holdings drastically. It also projected that 90% of institutional holders of crypto assets expect to invest even more in Bitcoin this coming year.
Related: Corporate Bitcoin treasuries are here, which can only mean good things
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Written By: Cointelegraph
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