Institutional investors project strong growth for Bitcoin and Ethereum by year-end By Investing.com
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A recent study by Nickel Digital Asset Management reveals a resurgence of confidence in the digital assets sector among institutional investors and wealth managers, primarily from the US and UK. These experts, who collectively manage assets worth $3.5 trillion, anticipate a bullish trend for (BTC) and (ETH) by the end of this year. The report was presented to Finbold on Wednesday.
Despite potential market shocks, an overwhelming 99% of respondents expect Ethereum to conclude the year positively. Furthermore, they predict Bitcoin could reach a value of $100,000 per BTC within five years.
The study also suggests that the projected growth of Bitcoin and Ethereum is likely to stimulate demand for other cryptocurrencies, indicating a bright future for the entire digital asset sector. This optimistic outlook underscores the strong long-term confidence that these financial professionals have in the cryptocurrency market.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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© Reuters.
A recent study by Nickel Digital Asset Management reveals a resurgence of confidence in the digital assets sector among institutional investors and wealth managers, primarily from the US and UK. These experts, who collectively manage assets worth $3.5 trillion, anticipate a bullish trend for (BTC) and (ETH) by the end of this year. The report was presented to Finbold on Wednesday.
Despite potential market shocks, an overwhelming 99% of respondents expect Ethereum to conclude the year positively. Furthermore, they predict Bitcoin could reach a value of $100,000 per BTC within five years.
The study also suggests that the projected growth of Bitcoin and Ethereum is likely to stimulate demand for other cryptocurrencies, indicating a bright future for the entire digital asset sector. This optimistic outlook underscores the strong long-term confidence that these financial professionals have in the cryptocurrency market.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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