According to PANews, a Sygnum Future Finance survey showed that 57% of Singaporean institutional investors plan to increase their long-term cryptocurrency allocations, compared to a survey average of 47%.
The survey respondents included Sygnum’s institutional client base and investors, as well as investment professionals from banks, hedge funds, multi- and single-family offices, DLT foundations, funds and asset managers.
The main reason for increasing investment in cryptocurrencies is the optimistic outlook for the general development trend of the industry.