Institutional investors and wealth managers are confident about digital asset performance and believe that both Bitcoin and ether will sustain their strong performance for the rest of this year, according to research by Nickel Digital Asset Management (Nickel), a London-based regulated digital assets hedge fund manager.Â
Nickel’s study found that 97% of investors believe bitcoin will end the year with prices higher than current levels while almost all (99%) expect ether to continue to grow in price. Some 78% of investors also believe bitcoin will hit a $100,000 valuation with 57% predicting that level will be achieved within five years.
The study was conducted among institutional investors and wealth managers in the US, UK, Germany, Switzerland, Singapore, Brazil and the United Arab Emirates who collectively manage around $3.5tn in assets, when bitcoin was valued around $30,000 and ether around $1,900.
