April 20, 2024

Hedge funds plan to invest $ 312 billion in cryptocurrency in the next 5 years

Hedge funds plan to invest $ 312 billion in cryptocurrency in the next 5 years

According to a study by Dutch trust company Intertrust Group, 98% of hedge funds are preparing to work with digital assets in the next five years.

Executives surveyed expect an average of 7.2% of their hedge fund assets to be by 2026On a global scale, for the entire sector, this is currently amounting toAt the same time, 17% of CFOs said that the share of crypto assets in their funds couldreach 10%.

The study also found that all financial institutions in North America and EuropeOf those participating in the survey, cryptocurrency already accounts for at least 1% of total assets.According to Intertrust's forecasts, U.S. hedge funds are likely to increase in the futureTheir share is up to 10.6%, and European – up to 6.8%.

The reason for the study was the record inflation rate in the United States (5%), not seen since 1992. Analysts expect this to beEncourage institutional investors to diversify their portfolios with bitcoin and other similar digital assets that are weakly correlated with traditional markets.Although Goldman Sachs has advised its clients not to rush to do so.

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