Survey shows that 41% of institutional investors to invest in ICOs in the 5 years

16 Feb, 2019
by Richard Allen
Survey shows that 41% of institutional investors to invest in ICOs in the 5 years

A recent survey conducted by the Global Blockchain Business Council (GBBC) has revealed that 19% of institutional investors asked will regularly invest and trade in ICOs by 2021, CoinTelegraph reports.

Conducted from December 2018 to January 2019, the survey included responses from 71 global institutional investors. The results revealed that the growth of the cryptocurrency industry will increase the ICO market, as 16% stated they would invest in that sector within the next three years.

41% however, believed that institutional investors will only become involved in ICOs in the next five years while 23% said they see no investment potential in ICOs.

Read more: ICOs are still alive, despite the bad reports and crackdown

CEO of the GBBC Sandra Ro explained that by 2027, digital assets would consist of at least 10% of the global GDP.

The GBBC released two other surveys last month. One showed that 63% observe a lack of understanding of blockchain technology among senior business executives. Later in January, GBBC reported that 40% of institutional investors consider the invention of blockchain technology as the most important technological innovation since the Internet.

Read more: 13% of Amazon customers are interested in buying crypto from Amazon

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