New Coinbase Survey Reveals Where Institutional Investors Expect Crypto Prices to be in a Year


Crypto trade large Coinbase has launched the outcomes of a brand new survey it commissioned to learn how blue-chip buyers really feel about the way forward for the crypto trade.

2022 Institutional Digital Asset Outlook Survey queried 140 U.S.-based institutional buyers handle belongings totaling $2.6 trillion on digital asset market outlook.

consequence present Practically three-quarters of members indicated that cryptocurrencies are actually strongly embraced as an asset class.

“Total sentiment in the direction of digital belongings stays optimistic, with 72% supporting the view that digital belongings will take maintain (86% of these presently investing in cryptocurrencies, and 86% planning to take a position). 64% of those that are

Whereas long-term sentiment stays optimistic, the outcomes additionally present that trade turmoil has dampened investor optimism that digital belongings will ship robust returns within the coming months.

Greater than half of survey members don’t count on cryptocurrencies to expertise vital worth volatility over the following 12 months, and greater than 1 / 4 consider digital belongings will undergo additional losses.

“Crypto winter has dampened near-term worth expectations. When requested concerning the outlook for costs, 54% of buyers count on crypto costs to be rangebound, whereas 54% , and 29% count on a downward development over the following 12 months.”

Supply: Coinbase

Nonetheless, the survey discovered that the majority members consider cryptocurrencies will finally recuperate.

“The long-term worth outlook stays optimistic, with 71% of buyers saying they count on digital asset valuations to rise in the long run.”

Supply: Coinbase

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