Originally published: Decrypt, 22 September 2020
Pension funds and insurers could be increasing their cryptocurrency investments over the next five years, but some concerns still linger.
A new report from cryptocurrency insurance company Evertas suggests that institutional investors plan to increase their focus on crypto assets in the next five years.
Evertas surveyed investors that oversee some $78.4 billion worth of collective assets, and 64% of respondents reported that they expect a slight rise in crypto investments from the likes of pension funds, family officers, insurers, and sovereign wealth funds.
Meanwhile, a further 26% of respondents believe they will “dramatically” increase their investments in Bitcoin and other cryptocurrencies over the next five years. All told, that’s 90% of surveyed institutional investors that expect some increase in crypto holdings in the next half-decade.
According to the report, the survey was conducted in July by market research company Pureprofile and included 50 total institutional investors, split evenly between the US and UK.
