Japan’s largest brokerage firm, Nomura Holdings, and its digital asset division, Laser Digital, have released the results of a survey which shows that over half of the interviewed investment managers plan to invest in cryptocurrencies in the next three years.
The survey, conducted in April with over 500 investment managers in Japan, revealed that 54% of participants are considering investing in cryptocurrencies to stabilize their portfolios. They aim to achieve this through diversifying their investments and hedging against inflation.
Approximately 25% of respondents expressed a positive attitude towards cryptocurrencies, particularly Bitcoin and Ethereum, while 60% view crypto assets as a valuable opportunity for diversification.
This survey follows the approval of a proposal by the Japanese Cabinet to include cryptocurrencies in the list of assets that local limited liability investment companies can acquire or hold. According to a separate statement by Nomura on Monday, the review of the Limited Liability Companies Act is expected later this year.
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Bitcoin and Ethereum may be stabilizing, but the threat to other parts of the market is not yet over.
The survey also shows that for those currently investing in crypto assets or considering investing in them, the main motivations for future investments include the development of various financial products such as exchange-traded funds, investment trusts, staking, loans, and other related products.