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[Symmetrick]

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[Juggy777]

Recently, a large report from Cointelegraph was released, which conducted a study and survey among European institutional investors who have already invested or are going to invest in cryptocurrencies:

The report can be read here: https://s3.cointelegraph.com/storage/uploads/view/cointelegraph-research-discovering-institutional-demand-for-digital-assets-in-dach-region.pdf

More than 55 institutional investors were surveyed, including banks and pension funds:

36% have already invested in cryptocurrencies, of which the majority hold at least 10% of their managed funds in cryptocurrencies.



The most popular cryptocurrencies for investment are Bitcoin and Ethereum:

“As a result, 61.15% of surveyed professional investors either already own digital assets or plan to buy them in the future.”

The greatest interest among investors is bitcoin and security tokens:




Well, the trend to revise the classical form of the institutional portfolio continues, more and more institutional investors are interested in investing in Bitcoin and other cryptocurrencies, which of course is good news. Aside from new investors, those who have already invested in cryptocurrencies will also ramp up their investments, as previously reported by Decrypt:
Institutional Investors Say They’ll Buy More Bitcoin: Survey


Sources:

- https://s3.cointelegraph.com/storage/uploads/view/cointelegraph-research-discovering-institutional-demand-for-digital-assets-in-dach-region.pdf
- https://forklog.com/opros-61-institutsionalov-uzhe-investirovali-v-kriptovalyuty-ili-sobirayutsya-eto-sdelat/

@Ratimov I’m not surprised by those European investors decision to invest in bitcoins, because their economy has been badly effected due to the pandemic, and in bitcoins they see an opportunistic asset which can help them earn record profits in the long term. Furthermore if you see Robert Kiyosaki too has been encouraging people to invest in bitcoins, and many institutional investors follow him, hence it’s quite possible that they may have been influenced by his tweets about bitcoin.

Sources:

https://www.lombardodier.com/contents/corporate-news/investment-insights/2020/october/does-europes-second-wave-cast-do.html

https://twitter.com/theRealKiyosaki/status/1319494317812060161

https://twitter.com/theRealKiyosaki/status/1318008182803820545

[Dragonfund]

@juggy777 you don't have to quote the whole thread to reply Ratimov.
The European institutional investors aren't the only interested in bitcoin this days. There is rise of crypto adoption in Africa and it's growing at rapid rate. Take a look at p2p transactions daily volume on naira metrics, their is increase in retail and merchant as well which is generally exciting and bullish for bitcoin.



According glassnode today, the last time bitcoin was in bullish mode was August 2019, if bitcoin maintain this green level, 15k is imminent.
It will be interesting if US can get on board and reduce some rules and regulations imposed on investors by SEC. Imagine if US allows cryptocurrency as alegal ( not legal and not illegal), some top countries has done the same which has been bullish for bitcoin.

[avikz]

This trend has just started and I am sure it will gain more and more traction in coming years! Corporates have started understanding the impact of cryptocurrencies and at the same time looking for some astronomical profit out of it! So it's not surprising that the trend will continue for years to come.

Apart from EU, I am sure a lot of other corporates are interested in similar kind of investment. But the lack of favorable law is holding them off. Let's hope for the situation to change for better!

[Upgrade00]

In 2020 so far;
• Bitcoin has been adopted by public firms like microstrategy, Square, Riot etc have invested their reserve funds into Bitcoin.
• PayPal have integrated Bitcoin into their payment system
• Grayscale have recorded over 2% of Bitcoin holding under their AUM.

It's no surprise that more institutional investors are interested in Bitcoin, and by extension a couple of altcoins.

Imagine if US allows cryptocurrency as alegal ( not legal and not illegal), some top countries has done the same which has been bullish for bitcoin.

This would be interesting to see, and is the position we had in Nigeria for a while till recently when the government released a publication which considered all cryptocurrencies to be securities until proven otherwise.
If the US government took this position there would be positives as well as downsides; while there would be no taxes on earnings, there would also be no explicit law governing its usage, so bitcoins can be held up by banks on the basis of being suspicious. Also an unregulated cryptocurrency market would be open to scams and fraudulent projects (not that regulation completely eradicates this).

[exstasie]

36% have already invested in cryptocurrencies, of which the majority hold at least 10% of their managed funds in cryptocurrencies.

The most popular cryptocurrencies for investment are Bitcoin and Ethereum:

Bad news for all the Bitcoin maximalists still hoping Ethereum will one day die. It's already completely entrenched among exchange traders, not to mention DEXs. Now, institutions as well. It's going to perform wonderfully in the next bull run.

[wheelz1200]

36% have already invested in cryptocurrencies, of which the majority hold at least 10% of their managed funds in cryptocurrencies.

The most popular cryptocurrencies for investment are Bitcoin and Ethereum:

Bad news for all the Bitcoin maximalists still hoping Ethereum will one day die. It's already completely entrenched among exchange traders, not to mention DEXs. Now, institutions as well. It's going to perform wonderfully in the next bull run.

Thats fine and all but eth goes as bitcoin goes.  What happens when bitcoin completely tanks?  What happens when bitcoin completely bulls?  Bitcoin pulls the strings of every other currency.  Investors usually don't put all their eggs in one asset class into one product.  People who buy gold usually buy silver too.  Etc etc. 

[shield132]

Pandemic clearly shows that demand on Information Technologies and in overall on digital services will rise and it also showed that in reality these are the most demandable sectors but were a little bit under shadow. Demand and moving on digital services clearly indicates that there is one important thing that we need in digital world and it's digital currency. Cryptocurrencies are the best option in this case. Wise investors would be interested in cryptocurrencies and seem it's happening.

Btw in survey it's interesting to know whether some answers belong to Bcash or not and I am a little bit amazed why they didn't ask for Bitcoin and Bitcoin cash instead of only one choice.

[The Sceptical Chymist]

I find it almost unbelievable that a pension fund would invest in bitcoin or any cryptocurrency, given how risky they are--unless it's a stablecoin, but holding one of those isn't going to make money for anyone.

It's interesting that litecoin is among the favorites, and it kind of makes me wonder what other altcoins these big-money investors are buying or already own.

Bad news for all the Bitcoin maximalists still hoping Ethereum will one day die. It's already completely entrenched among exchange traders, not to mention DEXs. Now, institutions as well. It's going to perform wonderfully in the next bull run.

Yep, I bet it will, especially if you're able to stake it (I haven't been following it and don't know if ETH has moved to PoS yet).  All in all, this is a pretty bullish report.  Thanks for posting it, OP.

[exstasie]

Bad news for all the Bitcoin maximalists still hoping Ethereum will one day die. It's already completely entrenched among exchange traders, not to mention DEXs. Now, institutions as well. It's going to perform wonderfully in the next bull run.

Thats fine and all but eth goes as bitcoin goes.  What happens when bitcoin completely tanks?  What happens when bitcoin completely bulls?  Bitcoin pulls the strings of every other currency.  Investors usually don't put all their eggs in one asset class into one product.  People who buy gold usually buy silver too.  Etc etc. 

Nobody said Ethereum was uncorrelated to Bitcoin. It was just a comment on the probably longevity of Ethereum, given that it has so many detractors. It's clearly not going the way of so many shitcoins before it, to the graveyard of dead coins. It's much more entrenched than any other altcoin ever has been. That's all.

[tyz]

They are driven in crypto. What options they have to? Everything is extremely expensive. Stocks, real estate, bonds, commodities like gold. Cash costs minus interest. And with its monetary policy, the ECB ensures that banks and institutional investors have more and more money at their disposal. So they open up to alternatives and crypto is one of those alternatives.

[terrong]

Crypto investment is indeed a very suitable alternative for them, so I am not surprised by this news, try to imagine what retirees in European countries can do only investing or trading:

1. Investment
As Tyz said, everything is expensive, real estate, bonds and stocks, so what about gold?
for me it is stagnant, so it's hard to make quick profits.

2. TRade
as I know in Europe all types of trade require permission from each state, and the cost is also expensive, even exceeding the capital they have.

So if crypto is another alternative then for me it is very reasonable because it does not require expensive fees and can make a profit in a short time.

[amishmanish]

I find it almost unbelievable that a pension fund would invest in bitcoin or any cryptocurrency, given how risky they are--unless it's a stablecoin, but holding one of those isn't going to make money for anyone.

It's interesting that litecoin is among the favorites, and it kind of makes me wonder what other altcoins these big-money investors are buying or already own.

Not so much due to LTC but I am slightly surprised to see XRP there. Bitcoin and litecoin investment would be based on almost the same sentiment, but Ripple? If institutions are considering XRP, that shows that all of that "replacing SWIFT" shenanigans are indeed working. I have never placed much hope on XRP because its just redundant and centralized.

Bad news for all the Bitcoin maximalists still hoping Ethereum will one day die. It's already completely entrenched among exchange traders, not to mention DEXs. Now, institutions as well. It's going to perform wonderfully in the next bull run.

Yep, I bet it will, especially if you're able to stake it (I haven't been following it and don't know if ETH has moved to PoS yet).  All in all, this is a pretty bullish report.  Thanks for posting it, OP.

I hate that you need a minimum of 32 ETH to stake. For all the ridicule that PoS and Ethereum get from maximalist, if it successfully moves to PoS with all of this community effect, the resulting improvement in settlement time and gas fees will make it the backbone of all activity related to "Security Tokens". Considering that these "Tokens" themselves are finding a prominent place of interest as per this report, this can only be good for ETH in the long run.

[yhiaali3]

This is really good news, we must see more institutions and large international companies enter the world of crypto after PayPal accepted Bitcoin as part of its payment services (despite some doubts that are said about that), this is a big step from a large company such as Paypal and it will encourage More companies enter the world of crypto.
These reports show the spread of Bitcoin adoption around the world and I think that we will witness more positive developments in the coming years, especially with the continuation of the quarantine imposed as a result of the Corona virus.
Investing in cryptocurrencies is the best alternative for companies at the moment due to the Corona virus, due to the application of quarantine in most countries of the world.

[cheezcarls]

Regardless of everyone’s opinions, insitutitional investors in Europe getting interested in cryptocurrencies isn’t really a surprise for me (but in newbie or beginners’ minds of course). However, “interested” is different from actually “acquired” cryptocurrencies. When they say “interested”, they are just in the learning and assessing phase and it does not guarantee that it’s a “yes” or a “go signal” for them. They can still change their minds about their thoughts on Bitcoin and cryptos because they’re just “interested” rather than “buying” them already. Makes sense?

[dothebeats]

The players in the playing field seem to be highly diverse across the board. It seems like they are noticing that something's up in bitcoin and want to get a piece of the action before the train leaves for the moon. It's not surprising that Europeans are interested in venturing to cryptocurrencies and adding it into their portfolio, given that Europe is a hotspot for bitcoin development during 2015 - 2018 right even before Japan and South Korea took their moves. With this, I guess most companies would lobby for pro-crypto support in the EU region given that there are still countries that do not approve of cryptocurrencies even if the rest of the world already do.

[Lorence.xD]

Isn't it dangerous that they put money on cryptocurrency for their managed funds? From what I know of, manage funds means that this is a pool of investments from different people. The problem with cryptocurrency is that it is volatile and for fund managers putting other's money is risky in my opinion. I might have misunderstood the managed funds mentioned and this statement will not hold true if it is individual investors because it is their money in which case, they are free what they can do about their own money, and just be mindful of the volatility that cryptocurrency inherently possess.

[Rodeo02]

Isn't it dangerous that they put money on cryptocurrency for their managed funds? From what I know of, manage funds means that this is a pool of investments from different people. The problem with cryptocurrency is that it is volatile and for fund managers putting other's money is risky in my opinion. I might have misunderstood the managed funds mentioned and this statement will not hold true if it is individual investors because it is their money in which case, they are free what they can do about their own money, and just be mindful of the volatility that cryptocurrency inherently possess.

It's only 10% of thier manage funds I think they are estimating the risk so they did not allocate much money for it. They know how risky crypto currency is but they are also looking forward that they can also earn profit in holding crypto currency .

Risk management for a big company they already see the potential of crypto currency so why they should be afraid if they know that  only risk small percent and the possible return may be higher in long term.

[bitgolden]

This will be just peanuts in the future, we are going to see trillions going into bitcoin as well, it is not going to be over night and it is not going to be all at the same time neither, it is going to take maybe a decade for this to happen (or maybe even more) but it will happen. How do I know? Well, for starters I can't know, I am not a big important CEO of a wall street company that can give you insider secret, I am just guessing.

However from what I guess, there are so many "small" places that buy close to a billion dollars worth of bitcoin just this year total, and they made 30%+ profit already, which tells the other wall street companies "hey this smaller firm spent 500 million on bitcoin and now has 600 million, maybe we should put a billion in as well to see what happens" and the more profit these companies make, the more other companies will want to get in as well.

[acquafredda]

I find it almost unbelievable that a pension fund would invest in bitcoin or any cryptocurrency, given how risky they are--unless it's a stablecoin, but holding one of those isn't going to make money for anyone.

If I recall it correctly the Norwegian Government Pension Fund, also known as the Oil Fund, has over $1 trillion in assets, including 1.4% of all global stocks and shares. It is considered the world's largest sovereign wealth fund and according to Arcane Research’s report on Sept. 19, the fund also owns almost 600 Bitcoin (BTC) through its investment holdings.
https://cointelegraph.com/news/worlds-largest-sovereign-wealth-fund-indirectly-holds-almost-600-bitcoin