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Barnes & Thornburg: 84% of US private funds are waiting for an increase in investments in cryptocurrency

Bits.media / 07.08.2024 / 20:48
Barnes & Thornburg: 84% of US private funds are waiting for an increase in investments in cryptocurrency
According to a survey conducted by Barnes Law Firm & Thornburg, 84% of private fund managers expect an increase in the volume of investments in cryptocurrency in the coming year and are ready to increase the share of digital assets in their clients' portfolios.

In the Barnes survey & Thornburg was attended by several hundred executives of American hedge funds, banks and private companies:

"84% of respondents reported expectations of an increase in private investments in digital assets during the specified period, 59% said they would probably invest more capital in cryptocurrencies, 26% of participants said they might reduce investments due to excessive volatility and fraud."

According to a Barnes partner & Thornburg by Scott Baels, there has been a significant recovery in bitcoin and other cryptocurrencies after the collapse of the FTX exchange, and the approval of spot bitcoin can become a catalyst for investment in private crypto funds.

At Barnes & Thornburg notes that the main thing for respondents when choosing cryptocurrencies is profitability, and less important are the conditions for raising capital. The company's experts conclude that the improvement in investor sentiment towards digital assets is due to the emergence of spot bitcoin ETFs and the recovery of the industry after the crypto winter of 2022.

Earlier, experts from the American Gemini crypto exchange published a forecast for the development of the crypto market for the next two years. Analysts are optimistic about the prospects for bitcoin and altcoins.

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