One Third of Institutions Have Invested in Crypto Says Fidelity

[CebuBitcoin]

One Third of Institutions Have Invested in Crypto Says Fidelity

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One Third of Institutions Have Invested in Crypto Says Fidelity A Fidelity survey of 774 institutional investors found that more than one-third of firms worldwide have invested in digital assets or derivatives.

While 36% of institutions own crypto globally, multinational financial services company  Fidelity found that only 27% of the 441 U.S. institutions surveyed are exposed to crypto — although that’s up from 22% last year. Close to half of European institutions are long on virtual assets.

Bitcoin (BTC) is the most popular cryptocurrency investment, with more than a quarter of respondents holding BTC, while 11% of firms own Ether (ETH).

Fidelity commissioned Greenwich Associates to conduct the survey from November until early March — with the data reflecting the crypto positions of firms as of before the violent ‘Black Thursday’ crash that saw crypto prices drop by 50% or more.

Readmore: https://cointelegraph.com/news/one-third-of-institutions-have-invested-in-crypto-says-fidelity

[Senin]

I am a little surprised at the large number of institutions that currently own cryptocurrencies. In general, only a few states have now established clear rules for cryptocurrency circulation. Individuals can work with cryptocurrency and make transactions without such rules, however, this is mandatory for institutions.
The fact that in the USA there are only 27 percent of such institutions and almost half in Europe is clear evidence of the attitude of governments towards cryptocurrency. European Union countries are more loyal to cryptocurrency compared to the United States.