Within five years, U.S. hedge funds are expected to hold 10.6% of crypto assets

A new survey of 100 global hedge fund chief financial officers shows that the industry plans to substantially increase its exposure to crypto assets in the short term.

The investigation was conducted by Intertrust, Suggest If the respondents’ forecasts are widely reflected throughout the industry, the crypto assets held by global hedge funds may reach 312 billion U.S. dollars. U.S.-based funds are most optimistic about new asset classes, and are expected to increase their portfolio’s average exposure to crypto to 10.6% within five years.

Their counterparts in the European Union and the United Kingdom gave a slightly milder figure, but still significant: an average of 6.8%. The Intertrust sample includes the chief financial officer of the fund, each with an average of US$7.2 billion in assets under management. The CFO himself personally hopes that at least 1% of their investment portfolio is cryptocurrency.

Well-known hedge fund managers, such as Paul Tudor Jones Has always been a voice advocate for Bitcoin (Bitcoin) In concerns about economic inflation trends. SkyBridge Capital CEO Anthony Scaramucci has a similar view Bitcoin’s potential as a store of value, That it is better than gold.

related: Scaramucci’s SkyBridge BTC Fund launched with a USD 25 million investment

Another well-known person in the industry who supports cryptocurrency is Alan Howard, co-founder of major asset management company Brevan Howard.Just this week, Howard investment In his two previous digital asset startups investment In the digital asset custody service provider created by Nomura in cooperation with Ledger and CoinShares.he still Owns 25% of the shares With Yihe Digital Asset Management.There are also reports that Brevan Howard plans to invest directly in cryptocurrencies.

In addition to the increased confidence of traditional hedge funds in this asset class, there are Several attempts to launch new crypto funds Hope to copy Bitwise’s success with Grayscale.