Bullet Points:
– A new survey reveals that institutional investors expect “a strong year ahead for bitcoin” and are confident about the cryptocurrency’s long-term valuation.
– Nearly 90% of investors predict that the price of bitcoin will rise this year and 65% agree that it could reach $100,000 in the long term.
– The survey was conducted by Nickel Digital Asset Management and market research company Pureprofile this month, interviewing 200 institutional investors and wealth managers across the U.S., U.K., Germany, Singapore, Switzerland, UAE, and Brazil.

An exciting new survey released by London-based investment manager Nickel Digital Asset Management reveals that institutional investors expect “a strong year ahead for bitcoin” and are confident about the cryptocurrency’s long-term valuation. Nickel is registered with the U.K. Financial Conduct Authority (FCA) and the U.S. Commodity Futures Trading Commission (CFTC).

The survey, which was commissioned by Nickel and conducted by market research company Pureprofile this month, interviewed 200 institutional investors and wealth managers across the U.S., U.K., Germany, Singapore, Switzerland, UAE, and Brazil. The respondents collectively managed around $2.85 trillion in assets.

The results of the survey showed that nearly nine out of 10 professional investors predict that the price of bitcoin will rise this year. 23% of respondents forecasted that BTC will exceed $30,000 by the end of 2023. Perhaps more interestingly, 65% of institutional investors surveyed agreed that bitcoin could still hit $100,000 in the long term. Of these, 58% expect BTC to reach this price level within three to five years while 25% say it would take five or more years.

These findings demonstrate that institutional investors have a strong faith in the long-term potential of cryptocurrency, as well as the belief that the price of bitcoin will experience substantial growth in the near future. The survey also revealed that the majority of respondents had a positive outlook on bitcoin’s potential to reach new all-time highs in 2021.

This is the second survey conducted by Nickel Digital Asset Management this year. The first survey revealed that more than half of institutional investors had already allocated some of their portfolio towards cryptocurrency.

The results of this survey add to the growing consensus of institutional investor confidence in cryptocurrency as a viable and profitable asset class. With more investors showing an interest in bitcoin and other cryptocurrencies, the future of digital assets looks brighter than ever.