A new survey of 100 chief financial officers at hedge funds around the world has indicated that the sector plans to significantly increase their exposure to crypto assets in the near term.
Survey conducted by Intertrust, It shows That if respondents’ forecasts are broadly reflected across the sector, assets in crypto held by global hedge funds could reach $312 billion. United States-based funds were most optimistic about the new asset class, expecting their portfolio exposure to crypto to increase by an average of 10.6% within five years.
Their EU and United Kingdom-based counterparts gave a slightly more modest figure, though still significant: 6.8% on average. Intertrust’s sample included the fund’s chief financial officer who each manages an average of $7.2bn in assets. The CFO himself is personally expected to have a minimum of 1% of his portfolio in crypto.
High-profile hedge fund managers such as Paul Tudor Jones have been a vocal supporter of bitcoin (B T c) amid concerns about the inflationary trend in the economy. Skybridge Capital CEO Anthony Scaramucci has a similar view. Bitcoin’s Potential as a Store of Value, consider it better than sleeping.
Another big name in the cryptocurrency-endorsing field is Alan Howard, co-founder of leading asset manager Braven Howard. Just this week, Howard Investment In two digital asset startups after its first Investment In a digital asset custody service provider created by Nomura in partnership with Ledger and CoinShares. She also owns 25% stake With One River Digital Asset Management. There have also been reports of Braven Howard plans to invest directly in crypto.