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Feb 20, 2019

Regular investment and trading in crypto-assets by 2021, predicts research

Crypto-assets to make up at least 10 percent of global GDP by 2027

The much-debated impact of crypto-assets is given some context in a new survey by the Global Blockchain Business Council (GBBC), which finds 19 percent of institutional investors believing digital assets will be regularly invested and traded in by 2021.

In addition, 41 percent of respondents will start investing in initial coin offerings (ICOs) within the next five years.

The survey notes that the growth of the digital asset industry will increase the ICO market, as 16 percent of those surveyed say they will invest in the ICO sector within three years while 21 percent anticipate doing this in six to 10 years’ time.

At the same time, 23 percent envisage a scenario where institutional investors will never invest in ICOs, highlighting that the investor push toward new crypto-currency technology is not all one way.

Sandra Ro, CEO of the GBBC, the trade association dedicated to the development of a blockchain technology ecosystem, says that by 2027 crypto and digital assets will account for at least 10 percent of global GDP.

‘But before its potential can be truly realized, there needs to be a stronger regulatory environment, which governments and regulators seem committed to delivering,’ Ro notes in a statement.

Backing up the narrative of a growing universe of new trends and opportunities, last month GBBC noted in another survey that 40 percent of institutional investors believe blockchain ‘could be the most transformative technology since the internet’.

‘There is little doubt about the potential impact blockchain can have on most sectors and key areas of everyday life,’ adds Ro.

The latest GBBC survey presents responses from 71 major global institutional investors including hedge funds, private equity and pension funds.