During the start of the fourth quarter, Sygnum researchers surveyed 150 long-term investors, including banks, hedge funds, family offices, and asset managers. The survey, called Future Finance 23, found that 87% of the respondents currently invest in popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and SOL (layer 1 protocols). Additionally, 57% of the participants expressed their intention to further increase their crypto assets in their investment portfolios.
The survey participants revealed various reasons for investing in cryptocurrencies. Around 66% highlighted their desire to join the “cryptocurrency megatrend,” while 46% aimed to diversify their portfolios. Furthermore, 62% of those planning to maintain or increase their crypto investments expect higher returns in the future.
Interestingly, 37% of institutional investors consider cryptocurrencies to be a superior investment compared to traditional assets. The survey suggested that direct investment in crypto assets remains the preferred choice for respondents, indicating a clear preference for owning cryptocurrencies directly and benefiting from staking. However, as financial products develop and evolve, these preferences might change. Sygnum analysts also observed a growing trend of large companies investing in major cryptocurrencies and deepening their understanding of blockchain technology.
Lucas Schweiger, the digital asset research manager at Sygnum, pointed out that many institutional investors have transformed from skeptics to avid supporters of the crypto industry as it has matured. Additionally, more than 80% of these investors now recognize the significance of cryptocurrencies in the global financial sphere. Fabian Dori, the Asset Management Director and Deputy CEO of Sygnum Group, emphasized that for 85% of companies investing in cryptocurrencies, regulatory compliance remains an equally important consideration.
Another recent survey conducted by Binance, the largest crypto exchange, revealed that 76% of users believe that cryptocurrencies have the potential to promote financial equality among the population.