{"id":29925,"date":"2024-04-30T05:38:32","date_gmt":"2024-04-30T05:38:32","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/crypto-emerges-as-debasement-hedge-for-institutional-investors-says-kpmg\/"},"modified":"2024-04-30T05:38:32","modified_gmt":"2024-04-30T05:38:32","slug":"crypto-emerges-as-debasement-hedge-for-institutional-investors-says-kpmg","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/crypto-emerges-as-debasement-hedge-for-institutional-investors-says-kpmg\/","title":{"rendered":"Crypto Emerges as ‘Debasement Hedge’ for Institutional Investors Says KPMG"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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Renowned accounting company KPMG releases data showing rising investor interest in cryptocurrencies as a safeguard against central banks devaluing fiat currencies.<\/p>\n

Financial service providers have adopted cryptocurrency asset services at a notable rate of growth, according to a new KPMG analysis on the Canadian sector. According to the report, this represents a significant growth from 41% in 2021 to half of the Canadian providers evaluated in 2023 offering crypto services.<\/p>\n

Crypto Exposure on the Rise<\/strong><\/h2>\n

The study further highlights a surge in crypto exposure among Canadian institutional investors, with 39% reporting crypto exposure in 2023, compared to 31% in 2021. Kareem Sadek, Emerging Technology Risk leader at KPMG, attributes this trend to Canada\u2019s progressive regulatory environment and the escalating prices of crypto assets.<\/p>\n

Sadek emphasizes Canada\u2019s pioneering role in fostering a regulatory framework conducive to crypto innovation. The approval of the first Bitcoin and Ethereum exchange-traded funds (ETFs), alongside provisions for sophisticated strategies involving derivatives and Ethereum staking, has bolstered investor confidence in the crypto space.<\/p>\n

Another important aspect influencing institutional interest in cryptocurrency is hedging against the devaluation of fiat currencies, as noted by Kunal Bhasin, partner and co-leader of KPMG\u2019s Digital Assets division in Canada. According to Bhasin, there has been a surge in the hunt for alternative asset classes due to worries about inflation and mounting US debt. One popular choice is cryptocurrency, which has the ability to act as a depreciation hedge and a dependable store of wealth.<\/p>\n

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175% Extra + $75 Risk Free Bet<\/strong>!<\/strong> <\/p>\n

New players only. 175% on 1st Deposit + $75 Risk Free Bet<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

The landscape of traditional finance is always changing due to shifting regulations and shifting market dynamics, as more and more Canadian institutions see cryptocurrency assets as a legitimate alternative for investments.<\/p>\n

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Source link <\/a>
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(Originally posted on : Crypto News – iGaming.org ) Renowned accounting company KPMG releases data showing rising investor interest in cryptocurrencies as a safeguard against central banks devaluing fiat currencies. Financial service providers have adopted cryptocurrency asset services at a notable rate of growth, according to a new KPMG analysis on the Canadian sector. According […]<\/p>\n","protected":false},"author":34,"featured_media":29926,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/29925"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=29925"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/29925\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/29926"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=29925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=29925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=29925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}