Fidelity’s cryptocurrency division found that seven in ten institutional investors expect to either buy or invest in digital assets in the future. It also found that the primary hurdle for new entrants into the digital asset market was price volatility.
The study surveyed 1,100 institutional investors around the globe, and was conducted between December and April by Coalition Greenwich on Fidelity’s behalf.
Almost 90% of those showing interest in investing in digital assets indicated they expected their company’s or client’s portfolios to include digital assets over the coming five years.
A survey conducted by JPMorgan Chase & Co last month found that just 10% of institutional investors trade cryptocurrencies, with half actively labelling the asset class as “rat poison” or designating it as a temporary investment fad.
Fidelity was one of the first traditional financial companies to embrace cryptocurrency.