Bullish: 'Vast Majority' of Institutions Will Own Crypto by 2026: Fidelity

[tulusikhlas]

As usual, my take on anything that Fidelity, Morgan, Blackrock or any other of the large wealth managers is the same: If they say buy "x" means that they already have a position in "x". Bitcoin is not different, the institutions will have bitcoin as it will serve a purpose and will dump bitcoin like a bounty hunter if that is in their benefit. Bitcoin is what it is thanks to all the community and we should be wary of strangers as their recommendations are no better than those of a shark advising fish.

Therefore, we need what is called knowledge. At Whereat least it makes us not dependent on what is often suggested by trappers who only benefit each individual from the condition of his loyal followers. Not everything submitted by the advisors is suitable for your criteria, so the alternative is that we have to be much more mature in accepting the submission.

[just_Alice]

While surveys don't guarantee anything and this yet doesn't mean people should by like crazy, it is still a good reflection of the overall attitude. But it says by 2026, a lot can change in 5 years, especially if we take into account factors that aren't even dependent on society (for instance, like pandemic).

I think we can still expect many ups and dumps over this period, maybe we'll even see $30k, there's no telling. But there's no doubt that in the long term investors will win.

[Darker45]

This survey makes the argument stronger that if you join Bitcoin and think long-term, things will be good. If you forget about the huge corrections, bear seasons, 50% sudden fall in price, and so on and continue to HODL strong, things could never go wrong. The rise and fall of Bitcoin's price is seen close-up but if you zoom it out, everything is encouraging. With all the news, rumors, FUD, and the likes, I guess it is clear that there is still net positive about the future of Bitcoin. Adoption is getting stronger every single day.

[Dave1]

This survey makes the argument stronger that if you join Bitcoin and think long-term, things will be good. If you forget about the huge corrections, bear seasons, 50% sudden fall in price, and so on and continue to HODL strong, things could never go wrong. The rise and fall of Bitcoin's price is seen close-up but if you zoom it out, everything is encouraging. With all the news, rumors, FUD, and the likes, I guess it is clear that there is still net positive about the future of Bitcoin. Adoption is getting stronger every single day.

As the narrative of bitcoin has change, and so is our goal here. Bitcoin should be hold for long-term, well at least a year and then see how it goes for us. The problem is that many bet on the short and thinking that they can too earn huge money in short-term. But the better plan obviously, is to continue to stack and accumulate bitcoin and look in the future. Imagine +4 years from now, after the halving, we might be pushing for at least $500k that time.

[bryant.coleman]

As the narrative of bitcoin has change, and so is our goal here. Bitcoin should be hold for long-term, well at least a year and then see how it goes for us. The problem is that many bet on the short and thinking that they can too earn huge money in short-term. But the better plan obviously, is to continue to stack and accumulate bitcoin and look in the future. Imagine +4 years from now, after the halving, we might be pushing for at least $500k that time.

Do you still believe that block reward halving will be having a large impact in 2024? It had a big impact in 2012 and 2016 (as we had significant rallies in 2013 and 2017). But the impact was more muted in 2020. The rally of 2021 was mostly attributed to other factors, such as acceptance by PayPal and Tesla. Mining output is at a lower level (<BTC1,000 mined per day nowadays) compared to what we had during the early days. Further reductions in the block reward will have some impact, but IMO they will be overshadowed by other factors.

[dezoel]

One thing about this situation is that companies owning bitcoin doesn't matter, it only matters on how much bitcoin they own. Because at the end of the day if they just buy 100k worth of bitcoin then it will not mean much, but if they do it in 10 million that will mean a lot. What this means is that we need to convince companies not just make money from crypto, but also convince them to put most of their money into crypto as well, at least all of their cash reserves.

Many big companies are used to having huge sums of debt to grow bigger, I am not expecting them to do the same for bitcoin, they can't just get into debt just to buy bitcoin, that is not really a smart idea to go on for them, however they can put their cash reserves into bitcoin and when they want to grow their business instead of selling their crypto they could end up getting into debt, which is indirectly the same thing.

[wxa7115]

If they are not already adopters of crypto, institutional investors certainly will be going forward.

There is no way that they will simply sit out of the best performing asset of the past decade. A lot of high frequency trading firms have already started making markets on crypto exchanges, and I anticipate more established entities to continue to expand their presence into the future (SIG, Optiver, etc.).

Also, wealth management firms should start recommending crypto as a viable alternative investment going into the future as well. No doubt about that.

I will not be surprised if the number of institutional investors is many times higher than what we think, after all we know that those people want nothing else but to obtain profits and what can be better than the fastest growing market in the entire world?

It is going to be very interesting to see how the market evolves during the next months because I'm pretty sure that institutional investors have been putting a lot of money in this market, but a great deal of them do not really want to bring attention to themselves as they know that will make the price of bitcoin to go higher, and that is not something that they want as they are still building their stash.

[jakdanyel]

It is not surprising news actually. Tesla helped many countries to start investing into Bitcoin. And companies are continuing to do so still. They want to try their luck and increase their investments in time. I think the reason why companies are investing into cryptocurrency is mostly this. If they didn't have any profit in this, they wouldn't bother making any investment.

This is bullish news also but this kind of news don't affect the coin prices too much anymore.

[ilovealtcoins]

Currently, the legal corridor for cryptocurrencies in many countries is being improved. The crypto investment race is happening in the pioneer countries that accept cryptocurrencies, which are the US, UK, Japan, Korea, Singapore...
Businesses will find ways to stay out of the race by converting their assets to cryptocurrency.
I see Bitcoin and crypto being noticed and bought by big companies in the US from the end of 2020 until now. So by 2026, most businesses around the world may focus more on cryptocurrencies.

[fiulpro]

💯 believe this, Amazon, Twitter and Tesla are setting the pace. They see it as a digital asset to invest part of their fund, hold for long but take huge profit from sale in short that cater even for invested capital and profit in cycle. They are smart enough to avoid the deception of launching new coin for their company.

Well I do think that whatever these companies are doing is not out of respect for cryptocurrencies but actually out of necessity. There is actually a huge disadvantage regarding big whales joining the crypto market, especially bitcoins since they can definately manipulate the market and use the social media platforms to influence the market for people who are new to it.
People who would join the whole crypto train would be the first to get the benefits of the whole thing, since there are a lot of applications and advantages. Plus many countries are taking a lesson from El Salvador and trying to improve their own economic situation in context of cryptocurrencies like bitcoins. I think in the future we are going to see more applications and more countries making cryptocurrencies like bitcoins a legal tender.

[teosanru]

If anyone still has doubts about whether it is worth buying and waiting at least until the next cycle, take a look at what a new survey from Fidelity Digital Assets says.

According to the survey, 70% of institutional investors intend to buy or invest in digital assets in the near future, with over 90% of them planning to do so by 2026.

We have seen entrepreneurs who were skeptical of Bitcoin years ago change their minds in the last year. If what the survey says comes true, and it looks like it will, it won't even be necessary to own a whole Bitcoin to achieve a certain degree of wealth.

Surely the $30K we have seen recently will never be seen again.

Once again entry of Institutional Investors is both good as well as bad news! on one hand, it might make the market more balanced with whales of crypto on one side and Institutional Investors on the other side, but at the same time it'll make the market much more manipulative too, crypto whales already manipulate the market too much, the Institutional Investors would supplement this manipulation even further, therefore, making the market more or less like the stock market with a lot of insider information flowing around and manipulative. Remember these Institutional Investors are even more cunning than whales because they carry their decades of experience from stock market.

[avikz]

If anyone still has doubts about whether it is worth buying and waiting at least until the next cycle, take a look at what a new survey from Fidelity Digital Assets says.

According to the survey, 70% of institutional investors intend to buy or invest in digital assets in the near future, with over 90% of them planning to do so by 2026.

We have seen entrepreneurs who were skeptical of Bitcoin years ago change their minds in the last year. If what the survey says comes true, and it looks like it will, it won't even be necessary to own a whole Bitcoin to achieve a certain degree of wealth.

Surely the $30K we have seen recently will never be seen again.

Corporates will buy into anything where they sniff potential profit.  So it's no wonder that bitcoin has been added to their wishlist. Even today it is very difficult to earn bitcoin so you can imagine what will happen once these deep-pocketed corporates will start with their buying spree. The entire market will then be controlled by these whale corporates which is not at all ideal.

But one thing I agree - we need to buy bitcoin while it's cheap or else we may loose the opportunity forever.

[Spack17]

I don't know whether this news could affect the prices of cryptocurrencies directly very much. But it will affect the adoption rate very much that's for sure. This will streamline the process which cryptocurrencies enter our daily life. Because if most of the companies start owning crypto and even accept cryptocurrency in some way, other people and institutions also will notice this and do the same also.

[Hydrogen]

According to the survey, 70% of institutional investors intend to buy or invest in digital assets in the near future, with over 90% of them planning to do so by 2026.

That could be sufficient purchasing volume and demand to offset bitcoin's historical 4 year boom and bust cycle. It could explain the impetus behind bitcoin's recent uptrend.

The media claims bitcoin's latest uptick is due to "support" of US crypto regulation. Which is interesting as I don't know that anyone in BTC likes the regulation proposal.

If "70% of institutional investors" plan to buy digital assets. It would be very interesting to know what percentage will buy digital assets (crypto) through a bank, and what percentage would choose instead to make purchases using a stablecoin. The information could be valuable not only for comparison shopping purposes for whales. But also as it would be the only way to have an accurate picture of what true bitcoin purchasing volume looked like on the banking side of things where that data is unavailable.

[Twinkledoe]

I don't know whether this news could affect the prices of cryptocurrencies directly very much. But it will affect the adoption rate very much that's for sure. This will streamline the process which cryptocurrencies enter our daily life. Because if most of the companies start owning crypto and even accept cryptocurrency in some way, other people and institutions also will notice this and do the same also.

Maybe we will see the crypto market to be more stable if the adoption is much stronger. A lot of merchants have problem with the volatility aspect of crypto, the reason why they are hesitant to include crypto in their payment system. If the price will be more stable, maybe, users will have no problem using crypto as payment method rather than just holding it hoping that its price will skyrocket in the future.

[cabron]

The adoption is already up when El Salvador made BTC legal tender. This isn't just something that moves the price up but at a local level, anyone in the country will have BTC to hold.

But will another cryptocurrency be among the ones that institutions going to also hold in their balance sheet? ETH is likely one of them but other coins may really be left out here because once a popular entity accuses one project, it will send the price to zero.

[Ozero]

This survey makes the argument stronger that if you join Bitcoin and think long-term, things will be good. If you forget about the huge corrections, bear seasons, 50% sudden fall in price, and so on and continue to HODL strong, things could never go wrong. The rise and fall of Bitcoin's price is seen close-up but if you zoom it out, everything is encouraging. With all the news, rumors, FUD, and the likes, I guess it is clear that there is still net positive about the future of Bitcoin. Adoption is getting stronger every single day.

As the narrative of bitcoin has change, and so is our goal here. Bitcoin should be hold for long-term, well at least a year and then see how it goes for us. The problem is that many bet on the short and thinking that they can too earn huge money in short-term. But the better plan obviously, is to continue to stack and accumulate bitcoin and look in the future. Imagine +4 years from now, after the halving, we might be pushing for at least $500k that time.

It should not be forgotten that cryptocurrency does not exist in society by itself. States and their governments will very actively intervene in the process of cryptocurrency distribution, and even with the help of various instruments to regulate its circulation, they will actively influence the price of the cryptocurrency itself. An increase in the volume of funds invested in cryptocurrency changes the structure and functioning of the global financial system, and if these changes affect the interests of states and their governments, a general attack on cryptocurrency will begin. Therefore, it is rather difficult to say how the cryptocurrency will develop further. Still, it is important for cryptocurrency to occupy its own niche in the financial sector, so as not to conflict with it too much.

[Darker45]

This survey makes the argument stronger that if you join Bitcoin and think long-term, things will be good. If you forget about the huge corrections, bear seasons, 50% sudden fall in price, and so on and continue to HODL strong, things could never go wrong. The rise and fall of Bitcoin's price is seen close-up but if you zoom it out, everything is encouraging. With all the news, rumors, FUD, and the likes, I guess it is clear that there is still net positive about the future of Bitcoin. Adoption is getting stronger every single day.

As the narrative of bitcoin has change, and so is our goal here. Bitcoin should be hold for long-term, well at least a year and then see how it goes for us. The problem is that many bet on the short and thinking that they can too earn huge money in short-term. But the better plan obviously, is to continue to stack and accumulate bitcoin and look in the future. Imagine +4 years from now, after the halving, we might be pushing for at least $500k that time.

It should not be forgotten that cryptocurrency does not exist in society by itself. States and their governments will very actively intervene in the process of cryptocurrency distribution, and even with the help of various instruments to regulate its circulation, they will actively influence the price of the cryptocurrency itself. An increase in the volume of funds invested in cryptocurrency changes the structure and functioning of the global financial system, and if these changes affect the interests of states and their governments, a general attack on cryptocurrency will begin. Therefore, it is rather difficult to say how the cryptocurrency will develop further. Still, it is important for cryptocurrency to occupy its own niche in the financial sector, so as not to conflict with it too much.

Are you still talking about cryptocurrency as in Bitcoin here? If you are, then it does not matter whether governments would want to actively intervene in the distribution or not. Their intention to intervene would be futile. However powerful a government may be, it simply cannot take control of Bitcoin's supply distribution.

Well, governments may influence the price of Bitcoin, but it has a lot of prerequisites. In the first place, they need to buy a lot of BTC first. They have to be the largest of whales so that they could manipulate the price on their own. It's worth mentioning that Bitcoin is worth almost a trillion USD and is being actively traded globally with tens of billions in daily volume.

As to governments attacking Bitcoin, it has already began a long time ago. And if they did not succeed during Bitcoin's earliest infancy, they wouldn't succeed now nor in the future.

[Bravehash]

Yes I believe this but there will be hard challenges, government will have to keep putting ban on crypto because it's really a threat to their CBDC honestly, china made the first move and I expect other countries to follow, it seems the gov won't like the insane attention that crypto is getting over CBDC but we wil see how this ends

[AicecreaME]

Why don't they buy now though? I mean in the near future that they plan to buy, the prices could've probably doubled already or tripled meaning that they will buy more for less bitcoin. I don't hold out too much hope for this survey because this big fishes can easily lie to this kind of thing you know? They may say they will buy but they just want the survey to finish much faster if you think about it.

It wouldn't be a problem for those wealthy people to invest in bitcoin with a price higher than what it was originally, let's say 6 years ago because they have the money to spend in the first place. It won't hurt their pocket if bitcoin's price will increase by like 200,000 dollars because most of the time, this is just a little amount for them (I'm pertaining to those big personalities that have so much to spare). Maybe the reason why they aren't still buying bitcoin and other cryptocurrencies is that they are still observing and waiting for the time crypto will be more regulated compared to what it is right now and the time it will be more stable and much safer to invest in, and the time it will be adopted by more establishments and companies. Surely, these people have their reasons. A good go signal that they are waiting for will definitely be their key to invest in btc in no time.