A study by the cryptocurrency exchange Coinbase showed that, despite the fall in the market, many investors increase the number of coins in their wallets – over the past year, investments have increased 62% of those surveyed.
The 2022 Digital Assets Outlook reports that 62% of institutional investors holding cryptocurrencies have increased their investment in digital assets. Only 12% of respondents reduced their savings of coins. 58% of respondents plan to increase the holdings of cryptocurrencies in their wallets in the next 3 years.
“This proves that institutional investors continue to accumulate cryptocurrencies with a long-term perspective and their strategy has not been affected by a significant price drop,” writes Coinbase.
140 corporate investors participated in the survey. Analysts assessed the mood among cryptocurrency institutional investors. 59% of respondents reported that they use or plan to use the strategy of “hodling” – purchases of cryptocurrencies for the long term.
Only 7.9% of those surveyed expect the cryptocurrency market to grow significantly in the next 12 months. At the same time, the survey took place even before the start of the bankruptcy process of the FTX cryptocurrency exchange and Alameda. Perhaps these events would have influenced the results of the study.
A survey conducted by Nickel Digital Asset Management among professional investors showed that 92% of respondents are confident in the favorable prospects for the development of the crypto market.
Source: Bits
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