Cryptocurrency firm Evertas published the results of a new survey on institutional interest on September 21, and the results look optimistic for Bitcoin (BTC) and the market.
The survey examined the holdings and strategies of exchanges, custodians, traditional financial institutions, funds, family offices and ultra-high net worth individuals
The key highlight is that 26% of institutional investors would “dramatically increase” their investments in BTC and crypto in general
84% of surveyees also said that the larger position was a result of expected regulatory infrastructure; 80% said that it was because they expected the market to grow
76% believe that they expect more institutional money to flow in and more products to arrive
Primary concerns include the lack of insurance cover (56%), and compliance and working practices (54%)
Evertas is a crypto insurance firm that has been funded by Morgan Creek and Kailash Ventures, among others; the company raised $2.8 million in July 2020