After investing in Bitcoin and driving the asset’s price to new levels, institutional investors and wealth managers are now focusing on altcoins.
A new research by Nickel Digital Asset Management indicates that 32% of institutional investors with an allocation of Bitcoin in their portfolio will invest in altcoins for the first time in the next 12 months.
Notably, about 33% of the investors believe that the investment will involve a significant amount, while 29% project their altcoin investment will be gradual.
On the motivation behind the planned altcoin investment, 54% of the institutions indicate the move is in line with the ongoing growth of the cryptocurrency sector.
