However, a huge number of professional investors are still bearish on cryptocurrencies. Many of them are worried about crypto transparency and lack of regulation, according to Dave Goodsell, executive director of the Natixis Center for Investor Insight.
About 87% agreed crypto assets need to be more transparent, and 84% think they will need some type of regulatory oversight, according to the firm’s survey, published Tuesday.
“I think that makes it challenging to recommend such things if they’re in a fiduciary role,” Goodsell said, referencing the legal duty some firms owe their clients. “I think that’s where the hesitancy comes from.”
