Fidelity 36 of Large Investors Own Crypto Assets

In the US, 27% of investors said they hold crypto assets, up from 22% a year ago when Fidelity surveyed 441 American firms. In Europe, 45% of firms surveyed said they hold crypto assets.

Of the digital assets held, bitcoin is by and far the most popular, according to the survey – more than 25% of respondents said they hold bitcoin, and 11% hold etherium.

Bitcoin has been on a tear this year as markets whipsawed amid the coronavirus pandemic and reopening efforts. The digital currency has gained 36% for the year after tumbling in early March and swiftly recovering.

Fidelity’s survey found that the biggest obstacles cited by firms still hesitant to dive into crypto were price volatility and concerns about market manipulation.

The survey was executed by Greenwich Associates between November and March, right before the crypto market sank and recovered.

Source: FXPro