1 1n 5 Investors in Companies That Do Not Deal in Crypto, Claim They Are Going to Do So in The Future
Crypto expert - Jamie
A survey showed that 22% of institutional buyers are expected to purchase cryptocurrencies in the future.
A survey conducted by JPMorgan showed that one in five retail investors in businesses that do not actively deal in cryptocurrencies expect that their companies are likely to do so in the future.
A poll of more than 3,400 investors from 1,500 organizations found that 11% of respondents worked in companies trading or investing in crypto, while 89% did not. Pleasingly, however, twice as many institutions are likely to participate in crypto than those who have already made the plunge, signalling institutional capital will keep flowing to markets in the short future.
22% of respondents from businesses who do not trade or participate in crypto said that they expect that their businesses are interested in investing in cryptocurrency in the future. Though some observers say that continued retail purchases will now keep the price to buy Bitcoin (BTC) up to $50,000—a large number of institutional investors still have a lack of confidence in cryptocurrencies.
Asked for their view on crypto, 14% said it was "rat position squared" and something to resist, while 21% said crypto was only a fleeting fad. Just 7% of investors feel that crypto “will become one of the most valuable assets."
The survey showed that most organizations have security issues, with 98% of respondents saying that fraud in the crypto world is "somewhat" or "extremely widespread."
This seems to be a big challenge for institutional investors at the moment, with Damien Vanderwilt, co-president of Galaxy Digital, informing Bloomberg last month:
“When we think about the conversations we have with corporate and institutional clients… the first order problem is safety” He goes on to say how the digital assets being bought need to be “safe and available and secure.”
However, these issues are not of interest to major players including Tesla and MicroStrategy, with both parties spending billions in crypto in 2021. MicroStrategy recently raised its BTC reserves by 27% in February, increasing the amount owned by Bitcoin in its bank account to 90,531 BTC.
If you are looking to buy and sell Bitcoin but searching for a good crypto broker, to make your Bitcoin investments, head over to BC Bitcoin – the best website to buy Bitcoin and the most trusted Bitcoin Broker in the UK.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards