https://static.news.bitcoin.com/wp-content/uploads/2021/06/shutterstock_1869962080.jpg


Lubomir Tassev

reports in bitcoin.com that "a survey, conducted among 100 CFOs around the world, signals that the hedge funds are planning to markedly expand their exposure to cryptocurrencies by 2026. Reuters described the poll results as a major vote of confidence for digital assets, one that comes after the recent market decline and amid plans for stricter capital regulations.

The executives believe their funds will hold 7.2% of all assets in cryptocurrency five years from now, or around $312 billion based on estimates for the size of the industry, fund administrator Intertrust detailed. And while this is the average forecast of the sample, 17% of the respondents shared higher expectations, stating that the hedge funds will probably manage more than 10% in crypto.

Precise data about the sector’s current crypto holdings is not available right now but the report notes that several big names in the industry have already committed certain amounts to digital assets. Investments have been motivated by the rising cryptocurrency prices in the past year and “market inefficiencies that they can arbitrage,” the article elaborates."


I have to agree with Tassev that it is indeed good news for cryptos that the fund managers still hold a positive view about crypto assets even after the big price decline in Bitcoin and expected stricter regulations. It means that cryptos have earned a place in fund managers' portfolios.  It can only get better when the prices move upward.


Source credit and full story - https://news.bitcoin.com/hedge-funds-aim-for-300-billion-in-crypto-assets-within-5-years-survey-shows/


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