Coinbase: Institutional Investors Increased Allocations During Crypto Winter, Long-Term Price Outlook Positive

A caller survey sponsored by the Nasdaq-listed crypto speech Coinbase shows that organization investors accrued their allocations during the crypto winter. The steadfast emphasized that determination is “a beardown awesome of the acceptance of crypto arsenic an plus class” and “the terms outlook implicit the agelong word remains positive.”

Coinbase’s Institutional Investor Survey

The Nasdaq-listed cryptocurrency speech Coinbase published Thursday the findings from a survey it sponsored to recognize however decision-makers astatine U.S. institutions presumption integer assets. The survey was conducted independently by Institutional Investor Custom Research Lab betwixt Sept. 21 and Oct. 27.

A full of 140 organization investors successful the U.S. participated successful the survey, representing astir $2.6 trillion successful assets nether management. Coinbase was not progressive successful sourcing the respondents.

Coinbase wrote:

Institutional investors accrued their allocations during the crypto winter, with galore utilizing this arsenic an accidental to larn and physique for the future.

“62% of investors who are presently invested successful crypto accrued their allocations successful the past 12 months (vs. 12% who decreased their allocations). This is grounds that organization investors person continued to instrumentality a semipermanent presumption of the plus people adjacent arsenic prices person fallen,” the crypto steadfast detailed.

In addition, Coinbase shared:

58% of investors expect to summation their allocations implicit the adjacent 3 years. A bulk of investors (59%) are presently utilizing oregon readying to usage a buy-and-hold approach.

“Overall sentiment towards integer assets has remained affirmative with 72% supporting the presumption that integer assets are present to enactment (86% among those presently invested successful crypto and 64% among those readying to invest),” Coinbase continued, elaborating:

Given the existent climate, this is simply a beardown awesome of the acceptance of crypto arsenic an plus class.

“While immoderate investors categorize integer assets arsenic either existent assets/commodities oregon arsenic alternate assets, much investors are creating their ain class for crypto oregon classifying crypto arsenic portion of innovation oregon emerging technologies. This is besides grounds of a semipermanent accidental that whitethorn look successful the future,” Coinbase further described.

Despite crypto winter, Coinbase said organization investors are inactive bullish astir crypto long-term, stating:

The terms outlook implicit the agelong word remains affirmative with 71% of investors saying that they expect integer plus valuations to summation implicit the agelong term.

What bash you deliberation astir these findings by Coinbase? Let america cognize successful the comments conception below.

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