A recent study conducted by the Global Blockchain Business Council (GBBC) on institutional investors has found out that 41 percent will be investing in ICOs within the next five years. The survey was conducted in December 2018 and January 2019 by PollRight, a market researcher and included responses from 71 established global institutional investors.
The council’s survey included hedge funds, private equity, and pension funds. The poll also found out that 19 percent of the companies polled thought that virtual assets would be regularly traded and invested in by 2021.
The survey also discovered that the growth of the digital asset industry would lead to an increase in the initial coin offering (ICO) market. This is after 16 percent of those surveyed said that they were going to invest in that sector in the next three years.
However, not everyone was upbeat about the chances of ICOs in the future as 23 percent said that they don’t see any potential investment within the token sale market.
Sandra Ro, the CEO of GBBC in the press release, noted that crypto and digital assets by 2027 would make up at least 10 percent of the global GDP.
In January the council released two other surveys that observed institutional investors. One of the polls revealed that 63 percent of the respondents had seen a lack of understanding of the distributed ledger technology among senior business executives.
The other poll that was released later last month revealed that 40 percent of institutional investors considered the blockchain as the most significant invention since the internet.
Also, recently, in a Q4 2018 report that was presented by Grayscale Investments, institutional investors were responsible for the majority of the digital asset investments.
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