Analyst Reveals Cause of Bitcoin Price Drop from Range of IDR 984.6 Million

Previously, Japanese bank Nomura and its digital asset subsidiary Laser Digital found that more than half of investment managers in the country planned to invest in digital assets, including cryptocurrencies in the next three years.

The bank surveyed 547 Japanese investment managers between April 15 and April 26, 2024, including institutional investors, family offices and public service companies.

Quoted from Coindesk, Wednesday (26/6/2024) a Nomura survey showed that 54% of respondents expressed their intention to invest in crypto in the next three years, and 25% of companies said they had a positive impression of digital assets.

Crypto is also viewed as a diversification opportunity by 62% of respondents, along with cash, stocks, bonds and commodities, and many investors in Japan view digital assets as an investment asset class, according to the Nomura study.

The preferred allocation to digital assets is between 2%-5% of assets under management (AUM), investors said, and nearly 80% said they would invest for a year.

New product development can increase investment in digital assets.

Meanwhile, for those already involved in cryptocurrencies, or those debating investing in digital assets, the main driver of future investment will be the development of new products including exchange-traded funds (ETFs), investment trusts, and staking and lending offerings.

Apart from that, Nomura also revealed that around half of the respondents in its survey said they wanted to invest directly in Web3 projects or through venture capital funds.

However, barriers to entry prevent some managers from investing in digital assets. These obstacles include competitor risks, high volatility, and regulatory requirements.