Almost Half of Fund Allocators Don't Know What to Make of Crypto

Bitcoin and other digital currencies have been around for almost a decade. Apparently, that’s not enough time to form an opinion.

Almost half of the more than 400 institutional allocators, such as pensions, sovereign wealth funds and family offices, surveyed at a Context Summits conference in Miami said they don’t know what to make of cryptocurrencies. Twenty-seven percent of the respondents consider them to be a legitimate asset class, while 26 percent think they’re a fraud. The survey was conducted from Jan. 31 to Feb. 2.