A survey conducted by the Global Blockchain Business Council (GBBC) on institutional investors, has revealed that 19 percent of them are of the opinion that digital assets will be regularly invested in and traded by 2021.
The survey studied responses from 71 global institutional investors, including people from private equity and hedge funds. Conducted back in December 2018 and January 2019 by market research company PollRight, the survey clearly indicates that if there is a growth in the digital asset industry, then it will directly boost the ICO market as well.
As many as 16 percent of the investors stated that they will be investing in the digital asset sector in the next three years. Naturally then, the ICO market can expect to see an influx of institutional investors in the coming years.
Statistics also show that 41 percent of the respondents believe that institutional investors will get into the ICO sector in the upcoming five years. On the other hand, 23 percent have stated that they do not think there is any investment potential in the ICO market. The other conclusions that can be drawn from the survey is that the market is in two minds regarding the future of digital assets.
Just last month, the GBBC published the findings from two other surveys based on institutional investors. One of the surveys indicated that the majority of respondents (63 percent) do not really possess a proper understanding and knowledge of blockchain technology. This is especially there among senior level executives.
Another finding was that a significant number of institutional investors (40 percent) believe that the invention of blockchain technology is one of the most important technological innovation since the internet.
These findings are really important and go a long way to show how the market is adapting to blockchain technology and what the market feels about the technology.