A research survey commissioned by Fidelity Investments and conducted by Greenwich Associates has shown that close to 50 percent of institutional investors believe that cryptocurrency and digital assets, in general, are a worthy investment class.


Digital Assets are a Viable Investment

Fidelity Digital Assets released the results of the survey in a Medium post published on Thursday (May 2, 2019). According to the post, about seventy percent of the survey participants expressed positive sentiments about cryptocurrency.

Of the 441 institutional investors that participated in the study, about 47 percent considered digital assets to be an innovative play. About 46 percent also identified the low correlation of digital assets with the mainstream market as one of the major plus points of the emerging asset class.

Institutional Investors Interested in cryptocurrency

Since 2018, there has been a significant upswing in institutional involvement in cryptocurrency investments. University endowment funds and U.S. public pension funds have taken up investment positions in digital assets.

The…

Click to continue reading on its source location…

Source: https://thebitcoinnews.com/fidelity-research-finds-increasing-institutional-interest-in-cryptocurrency/