Ninety-six percent of endowments and foundations do not currently invest in cryptocurrencies — and they have no immediate plans to do so.
This is according to the latest quarterly survey by consulting firm NEPC, which measured the sentiment of non-profit investors toward asset classes and investment options including electronic currencies like Bitcoin.
Just 2 percent of the endowments and foundations surveyed said they were currently invested in cryptocurrencies, while another 2 percent said they were considering doing so.
“The institutional community moves a bit slower,” explained Scott Perry, partner at NEPC, who noted the sector’s high volatility and lack of regulation as potential detractors.
Read the full Institutional Investor article here.
