39% of Canada’s institutional investors have exposure to crypto

Nearly 40% of Canada-based institutional investors reported having direct or indirect exposure to crypto assets in 2023 — up from 31% in 2021. One-third of the institutional investors have allocated 10% or more of their portfolios to crypto assets — up from a fifth two years ago.

It “appears” the firms are looking to invest in alternative asset classes that act as a debasement hedge and a reliable store of value in the face of increasing inflation and rising debt in the United States.