Cryptocurrency adoption throughout 2019 continues to be at an all time high, with the number of institutional investors in the industry also rising. According to the results of a study published on April 12, 94 percent of endowments surveyed reported having made crypto-related investments, with 50 percent of respondents reporting an intention to increase their position over the next twelve months.
The study, which was conducted in Q4 2018 in a joint effort by publications Global Custodian and The Trade Crypto, as well as blockchain security firm BitGo, concluded that endowments money has seen a massive uptick in cryptocurrency investing over the last several years. Of the 150 endowments surveyed, 89 percent were based in the United States, with the rest coming from the United Kingdom and Canada. Only 6 percent of respondents reported not being currently invested in cryptocurrency or crypto-related products.