Replies to post #22764 on Bitcoin (BTCUSD)

[GOLDBUFFALO]

HOLY CRAP! CHECK THIS SURVEY OUT THAT JUST DROPPED! BOOM BITCHEZ!

$312,000,000,000 Hedge Fund Tidal Wave Could Be Coming to Crypto????
A $312 billion tidal wave of hedge fund capital could be on its way into the crypto markets, according to a new survey.

A survey done by fund administrator Intertrust reveals that hedge funds plan to significantly ramp up the amount they allocate to crypto assets.

The survey, which involved chief financial officers (CFOs) from roughly 100 hedge funds, concludes that each executive plans to allocate an average of 7.20% of their assets into crypto within the next five years. The CFOs polled manage an average of $7.20 billion in assets.

If replicated throughout the industry, Financial Times estimates that a 7.20% allocation to crypto translates to around $312 billion

While 7.20% is the average allocation, about 17% of the respondents expect to apportion over 10% of their portfolio in crypto.

North American hedge funds on average expect to allocate 10.60% of their portfolio in crypto while for European hedge funds, it’s 6.80%. All the respondents in the two regions disclose that they expect to allocate 1% of their portfolio in crypto.

The Intertrust survey echoes findings from auditing giant PricewaterhouseCoopers (PwC) which reached a similar conclusion in a report released last month.

In the Crypto Hedge Fund Report, the auditing firm unveiled that 85% of hedge funds that have already invested in digital assets will increase their allocation in crypto by the end of this year.

According to the PricewaterhouseCoopers report, hedge funds are investing in crypto mostly to diversify, hedge against inflation, and get exposure to a new asset class.