Study: 94% of target capital funds invested in bitcoin

According to the results of a survey conducted by Global Custodian, The TRADE Crypto and BitGo, the vast majority of funds target capital management invest in scriptactive, according to The TRADE Crypto.

In particular, last year in digital currency directly or through a third party, the company invested 94% of endowment funds. Moreover, the representatives of nearly half of the funds are sure that they are investing in crypto currencies will only increase, and only 7% intend to reduce investments

The main problems of the industry respondents believe the lack of a reliable infrastructure of the market, its volatility, legal uncertainty and lack of liquidity.

However, the editor in chief of Global Custodian and The TRADE Jonathan Watkins notes that despite all these problems, funds of the target capital management continue to invest in cryptocurrencies and as evidenced by the survey results, only a few of them are planning to stop investing in new assets.

“All this talk in the past 18 months was about when institutional investors begin to participate in cryptocurrency investing. But it turned out that they are already here in the form of endowment funds”, — said Watkins.

Note Galaxy Digital founder Mike Novogratz is confident that the arrival of institucionales on the stock market will push bitcoin up to $8000 over the next 6-12 months.

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