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800 companies willing to invest in bitcoin despite cryptocurrency winter, survey finds

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Despite 2022 being a bear market year, companies continue to familiarize themselves with bitcoin (BTC). This, while improving their perception of this ecosystem, which continues to add new institutional participants.

This is driven by the outcome of the latest poll by Fidelity Digital Assets, the results of which indicate that in Europe, Asia, and the United States, a large percentage of institutional investors rate the ecosystem positively. a Bitcoin y have clear intentions to make inroads into it.

In the first half of this year, Fidelity surveyed 1,052 institutions. These were financial advisers, high-net-worth investors, family offices, pensions, hedge funds, pension funds, and other financial institutions. cryptocurrenciesCryptocurrencies, foundations, and traditional hedge funds.

The company points out in its study that 58 percent of these investors have already done so. digital assets in their portfolios. In addition, most companies have willingness to purchase cryptocurrencies or digital assets in the future..

In terms of numbers, Fidelity Digital Assets estimates that 74 percent of institutional investors surveyed might buy BTC sooner or later. This means that. nearly 800 companies Would invest in bitcoin or any other cryptocurrency in the medium to long term, according to the survey.

This estimate by Fidelity makes sense considering that, at the end of last Sept, a hedge fund purchased $60 million worth of bitcoin.. What is striking is that it made the acquisition in in the midst of an investment droughtas reported by CryptoNews.

Recognition of bitcoin and other cryptocurrencies by institutional investors has grown. Source: Fidelity Digital Assets.

Fidelity says that traditional hedge funds surveyed showed a “more moderate” outlook for future cryptocurrency purchases, especially those based in the United States and Europe. This is because Asians are more open to the possibility of buying cryptocurrencies in the future.

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Positive opinions and better perception of bitcoin

On the other hand, Fidelity noted that most of the companies surveyed in the United States and Europe expressed positive views on digital assets, and bitcoin in particular, showing a higher level of interest than last year.

This progress has reached the point where the positive perception of cryptocurrencies and other assets in general is now equal to what BTC alone already had among institutional investors. This is how the perception of crypto-assets is positive for 51 percent of the total respondents.according to the analysis company.

This chart shows institutional investors’ consideration for investments in bitcoin or cryptocurrency. Source: Fidelity Digital Assets.

Fidelity Digital Assets states that. 82% of high net worth investors are the most likely to adopt or consider investing in cryptocurrencies. Cryptocurrency hedge funds (87%) and financial advisors (73%) also stand out.

This increased interest in bitcoin adoption by institutional investors could be due to the fact that firms are more organized in making decisions at the time of disbursement money, as suggested by Fidelity.

Less willing to invest in bitcoin or cryptocurrencies, however, are family offices (37 percent), pensions (5 percent), traditional hedge funds (7 percent), and foundations (6 percent).

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