Two out of three fund selectors are not sure that individual investors should have cryptocurrency in their portfolios.
The findings come from Natixis Investment Managers, which conducted a survey with investment executives, 68% of whom expressed doubt that retail consumers ought to diversify in crypto.
Fund selectors are the people who make calls as to what investment an individual client should pursue next.
However, most of them believe that crypto isn’t one of them. A total of 141 such executives were interviewed. Together, they have access to $2.7 trillion worth of client assets.
However, 40% of the survey respondents admitted that demand for bitcoin and ethereum continues to grow, especially among young investors.
Now, more than 10% of investors own crypto which makes the currency quite popular based on a survey published in August. This number has likely grown since as crypto is becoming more accessible.
The overall interest in crypto has been soaring and Super Bowl LVI did nothing to quench investors’ thirst for crypto.
If anything, it only made it worse with Coinbase’s website crashing after the exchange aired a brave 60-second commercial segment which included a QR code hovering over the screen for almost a minute.
Selectors’ argue that there is a lack of crypto transparency which makes it hard to put their clients’ money on a product that could end up disappearing or be too heavily regulated to be worth it.
Most selectors (87%) agreed that if anything – crypto should be more transparent. Then again, firms managing client money also have some studying up to do.
Around 70% of interviewees agreed that the firm they worked for could benefit from more training.
Perhaps the best way of using your crypto in a fun way is to play at casinos such as 1xBit, FortuneJack or Bitcasino.