Nomura Survey: Over Half of Japanese Institutional Investors Eye Cryptocurrencies to Combat Inflation and Diversify Portfolios 

4

A survey showed that more than 50% of institutional players are planning to diversify their portfolio to Bitcoin & other cryptocurrencies.

Japan is a leader in cryptocurrency adoption and regulation, recognizing cryptocurrencies as legal property. The Financial Services Agency (FSA) overseas exchanges to ensure consumer protection and prevent money laundering. This proactive approach has made Japan a key player in the global cryptocurrency market, with many investors and businesses actively involved.

According to a recent survey conducted by Nomura Securities, reported by Coinpost, a significant 54% of institutional investors in Japan are planning to invest in cryptocurrencies within the next three years. The primary motivations behind this interest are the desire to diversify their investment portfolios and to combat inflation.

If regulations surrounding cryptocurrency ETFs are relaxed in Japan, it is anticipated that the market activity will see a substantial increase, further stimulating investor participation and market dynamics.

This survey was conducted among 547 investment managers from domestic institutional investors, family offices, and public interest corporations in April of this year, revealing mixed sentiments towards cryptocurrencies. 

23% of the respondents expressed negative impressions, 52% were undecided. However, Bitcoin and Ethereum garnered notably positive feedback, indicating a favourable inclination towards potential investments in these assets.

As of now, Japan does not have a native Bitcoin spot ETF product. The Japanese financial regulatory environment has been cautious regarding cryptocurrency ETFs. Japanese investors can buy Hong Kong‘s Bitcoin spot ETF, provided they have access to international investment platforms that offer these ETFs.

Bitcoin price action 

The current trade price of Bitcoin is $61,412 & this trade price is 12.8% down over the last 3 months period.

In the last couple of days, the trade price of Bitcoin crashed rapidly.

Nomura Survey: Over Half of Japanese Institutional Investors Eye Cryptocurrencies to Combat Inflation and Diversify Portfolios  1

Read also: Peter Schiff Warns: Bitcoin’s Bear Market Deepens, Down Over 30% in Gold Terms