The good news keeps coming with the current crypto bull run, and global digital asset banking group Sygnum’s annual survey adds to the good news.
The survey, released today, found that institutions are ready to make bigger bets on digital assets, with a striking 57% planning to increase their cryptocurrency exposure, increasing risk appetite and fueling long-term confidence in the asset class.
The annual survey gathered insights from more than 400 institutional and professional investors with an average of more than 10 years of experience and spread across 27 countries.
“This report tells the story of progress, the use of various strategies to capitalize on opportunities, and above all, continued belief in the market’s long-term potential to reshape traditional financial markets,” Lucas Schweiger, Director of Digital Asset Research at Sygnum and author of the report, said in the press release shared with CoinDesk. he said.
According to the survey, 65% of respondents are bullish in the long term and 63% are considering investing more in digital assets in the next three to six months.
BTC has rallied over 20% in seven days, with hopes that President-elect Donald Trump will deliver regulatory clarity to the digital asset industry enabling new highs above $93,000 to be reached. Prices have risen over 110% since the beginning of the year, and U.S.-listed spot ETFs have attracted billions of investors since their launch in January.
More than 70% of survey respondents said ETFs increased their confidence in the asset class. Nearly 30% said digital assets are superior to traditional investments.
More than half of survey respondents reported holding more than 10 percent of their funds in crypto, approximately 46 percent plan to increase their investment in the next six months, and 36 percent reported that they expect to maintain their current strategy and wait for optimal market entry.
The percentage of those who preferred to proceed with the strategy of investing in one or more cryptocurrencies was announced as 44%.
Layer-1 blockchains remain the most prominent area of interest, followed by Web3 infrastructure and DeFi. Tokenization of stocks, corporate bonds and investment funds is more popular than real estate, which will top the charts in 2023.