Since the emergence of cryptocurrencies, we have become accustomed to the fact that Bitcoin is their king, and when Bitcoin falls, so do altcoins, and vice versa, when Bitcoin grows, the whole market grows with it. But could that change one day? The answer is possible. Of course, almost no one can imagine it today, but the latest steps by the institutions say that one day it could be a reality. According to the latest survey by Europe’s largest hedge fund regulator, Nickel Digital Asset Management, institutions are increasingly interested in altcoins and Bitcoin is falling into the background.
Based on the mentioned survey, we learned interesting information, such as that every third investor (33%) plans to invest money in altcoins in the next 12 months. When asked why respondents are more interested in altcoins, 44% of them said that the growth potential of the altcoin market guarantees a long-term portfolio allocation. The survey involved institutional investors and asset managers from the United States, the United Kingdom, France, Germany, and the United Arab Emirates, who jointly manage $275.5 billion in assets.