More than 50% of institutional investors expect crypto markets to correct next year, according to a new global study.
Natixis Investment Managers, an asset manager with $1.39 trillion in assets under management, published a global survey involving 500 institutional investors from 29 countries across North America, Latin America, the United Kingdom, Continental Europe, Asia and the Middle East.
According to the survey, the majority of institutions see Bitcoin and other crypto assets giving up gains in 2022.
“Given all the factors at play, institutions see the potential for corrections in a range of asset classes and sectors. Hugely popular cryptocurrency tops the list with more than half of institutions calling for a correction. This is followed by interest-rate-sensitive bonds (45%), stocks (41%) and technology (39%).”
The survey finds that despite the prediction of a crypto market pullback, institutional investors are nonetheless warming up to the idea of holding digital assets.
“Four in ten consider crypto to be a legitimate investment option, and of the 28% who invest in crypto, 90% say they will maintain (62%) or increase (28%) their allocation.”
However, the overwhelming majority of those surveyed believe cryptocurrencies need more regulation before they gain broader acceptance.
“Nine out of 10 predict that central banks will have to regulate cryptocurrencies. Few see the potential for crypto to replace reserve currencies (25%) or fiat currencies (28%).
However, one-third believe crypto has the potential to level the playing field for developing nations. Just 29% think that emerging market countries should consider crypto as legal tender.”
You can read the full report here.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxCheck Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/GrandeDuc/Salamahin
