Despite the bear market, crypto continues growing as its adoption rate increases
The digital asset institutional investment scene is not too gloomy according to Fidelity Digital Assets' research
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On October 27, Fidelity Digital Assets published its yearly analysis of institutional investment in digital assets.
Fidelity observed that the adoption of digital assets increased by 9 percent and 11 percent, respectively, in the United States and Europe to 42 percent and 67 percent, in its study of 1,052 institutional investors in Asia, Europe, and the United States.
Despite a minor dip in adoption, Asia continued to lead the world with 69 percent. This indicates that despite challenges, the fundamentals of digital assets are still solid, and investor acceptance is still very unequal.
One of the highest increases in future intentions was seen in the US high-net-worth investors, who want to buy or invest in digital assets by 74 percent, up from 31 percent a year earlier.
That indicator increased from 71 to 74 percent overall. According to Tom Jessop, president of Fidelity Digital Assets, in the report, "Institutional investors are experienced in managing through cycles, and the largely inherent factors that they cited as appealing in this study will likely remain as the market emerges from this period."
