New Research Shows Institutional Investors Want to Invest in Altcoins

Bitcoin, without any doubt, is the most elegant cryptocurrency there is and the current price levels of Bitcoin only have so little to do with it. It was not always the case with Bitcoin; it was not always brimming with value as there was a time when the cryptocurrency couldn’t even amount to a single dollar, but see where it is now, how accomplished it is. This is because institutional investors and traders have taken an interest in Bitcoin over the years and have made its price climb.

Now, these investors are taking a shine to the altcoins and want to do the same they did with Bitcoin. According to recent research conducted by a management firm, about 32% of the institutional investors who have already invested in Bitcoin want to explore and stretch their portfolio by investing in altcoins. This will happen over the span of the next 12 months and might be taken as an experiment because they want to see if the same could be achieved with altcoins what they were able to do with Bitcoin. 

Institutional Investors’ New Experiment

According to 33% of the investors, the investment for this endeavor would have to be significant because if they really want to make altcoins soar as Bitcoin has over the years, then, of course, the magnitude of this investment would have to be exceptional. But 29% of these investors believe that they will take a gradual approach with altcoins, tampering with their investments over time and the results this brings in the form of tangible data.  On the other hand, 54% of these investors believe that it will happen soon enough rather than being put off as many projects around altcoins usually do. Who knows how this little experiment of the institutional investors is going to pan out, it might end up being the beginning of a new era for the altcoins, or it could recoil the confidence of these investors into Bitcoin like never before.

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