Institutional Investors Say They’ll Buy More Bitcoin: Survey

A new report from cryptocurrency insurance company Evertas suggests that institutional investors plan to increase their focus on crypto assets in the next five years.

Evertas surveyed investors that oversee some $78.4 billion worth of collective assets, and 64% of respondents reported that they expect a slight rise in crypto investments from the likes of pension funds, family officers, insurers, and sovereign wealth funds.

Meanwhile, a further 26% of respondents believe they will “dramatically” increase their investments in Bitcoin and other cryptocurrencies over the next five years. All told, that’s 90% of surveyed institutional investors that expect some increase in crypto holdings in the next half-decade.