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New Coinbase Survey Reveals Where Institutional Investors Expect Crypto Prices To Be in One Year

New Coinbase Survey Reveals Where Institutional Investors Expect Crypto Prices To Be in One Year
Crypto exchange giant Coinbase is releasing the results of a new survey it commissioned to find out how blue-chip investors feel about the future of the crypto industry.
The 2022 Institutional Investor Digital Assets Outlook Survey queried 140 US-based institutional investors with a combined $2.6 trillion of assets on their management on what their outlook was for the digital assets market.

The results show that nearly three-fourths of the participants still think that crypto assets are here to stay amid the most recent bear market, suggesting that virtual currencies are now strongly accepted as an asset class. 
“Overall sentiment towards digital assets has remained positive with 72% supporting the view that digital assets are here to stay (86% among those currently invested in crypto and 64% among those planning to invest).”
Although the long-term sentiment remains positive, the results also show that the turmoil in the industry diminished investors’ optimism that digital assets will bring in high returns in the coming months.
More than half of the survey participants do not expect crypto to see significant price movement in the next 12 months and over a quarter think that digital assets will see further losses.
“The crypto winter has dampened short-term expectations for price appreciation. When asked about their outlook on prices, 54% of investors stated that they expect crypto prices to be range bound, while 29% expect it to trend lower in the next 12 months.”
Source: Coinbase
Still, most of the participants think that cryptocurrencies will eventually recover, according to the survey.
“The price outlook over the long term remains positive with 71% of investors saying that they expect digital asset valuations to increase over the long term.”
Source: Coinbase
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Featured Image: Shutterstock/Sabura/Andy Chipus
The post New Coinbase Survey Reveals Where Institutional Investors Expect Crypto Prices To Be in One Year appeared first on The Daily Hodl .

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