Since the inception of the bear market, there has been a strong belief that investors are pulling out of the markets. Coinbase conducted a study to clarify the situation and enlighten stakeholders on the issues.
The majority are increasing their investments in cryptocurrencies
Coinbase conducted a Investigation on the prospects of the cryptocurrency market, by interviewing 140 institutional investors. The goal of this initiative is to provide a reading of market sentiment for the crypto community. The American Stock Exchange also aims to chart the outlook and answer various questions from stakeholders about the future. For this, the stock exchange has considered investor exposure, despite the tough times in the market.
business to her hour 62% of investors already in the cryptocurrency markets have increased their allocations in the past 12 months. Only 12% have reduced their investment. We also know that for the future, 58% of investors plan to increase provisions over the next three years. These numbers contradict persistent rumors about the industry and risky statements from crypto-skeptics. According to them, there is a huge wave of divestment and lack of interest in cryptocurrency.
“It proves that institutional investors continue to take a long-term view of the crypto-asset class, even as prices drop.”Coinbase Books.
Additionally, Coinbase’s survey results tell us that approximately 59% of investors use or are currently planning to use a buy-and-hold approach, according to the survey. Moreover, only 7.9% of institutional investors see a rise in cryptocurrency prices in the next 12 months.
Crypto company officials maintain that the investigation was initiated and carried out before the FTX case occurred.
Additionally, survey respondents place the highest importance on regulatory compliance when choosing a crypto partner, followed by security and compliance. trust. A condition that stems from the collapse of the LUNA ecosystem in the first half of the year. Remember, this event triggered a domino effect on crypto and NFTs.
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Far from dampening my enthusiasm, an unsuccessful investment in cryptocurrency in 2017 only fueled my enthusiasm. So I resolved to study and understand the blockchain and its many uses and pass on my pen information related to this ecosystem.