The images are courtesy of LightRocket via the SOPA Images.
Digital assets gain mainstream acceptance, but institutional investors and wealth managers still have concerns.
According to a report commissioned by Nickel Digital Asset Management, the top of the list is cryptocurrencies, which trumped regulatory uncertainty and price volatility.
50 wealth managers and 50 institutional investors in the US, the UK, Germany, France, and the United Arab Emirates were interviewed and found their top four concerns.
The main consideration was asset security.
There is a level of price apprehension in volatile price swings.
It was the market's value, according to 56% of respondents.
The regulatory uncertainty was said to be the reason for it.
"Our research shows that custody and security are critical to this unique asset class, and that institutional investors have correctly identified them," said Henry Howell, head of business development at Nickel Digital.
12% of people said they were not concerned about the carbon footprint of the new digital currency, which requires a lot of energy to process transactions and mine new coins.
The majority of respondents to a survey by Nickel Digital were optimistic that Gary Gensler, chair of the US Securities and Exchange Commission, will be able to get Congress to give his agency more authority to govern digital assets by next year.
The study said that if the SEC is given more power, it will have a positive impact on the price of digital assets.
Gensler, who taught a course at MIT, has said that he was not neutral about investor protection, even though he was intrigued by the technology. He said that digital assets could boost economic progress and become more widely used.
Business Insider has an original article.
