Fun

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

News Feed - 2022-11-28 08:11:31

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


A recent survey sponsored by the Nasdaq-listed crypto exchange Coinbase shows that institutional investors increased their allocations during the crypto winter. The firm emphasized that there is “a strong signal of the acceptance of crypto as an asset class” and “the price outlook over the long term remains positive.” Coinbase’s Institutional Investor Survey


The Nasdaq-listed cryptocurrency exchange Coinbase published Thursday the findings from a survey it sponsored to understand how decision-makers at U.S. institutions view digital assets. The survey was conducted independently by Institutional Investor Custom Research Lab between Sept. 21 and Oct. 27.


A total of 140 institutional investors in the U.S. participated in the survey, representing about $2.6 trillion in assets under management. Coinbase was not involved in sourcing the respondents.


Coinbase wrote: Institutional investors increased their allocations during the crypto winter, with many using this as an opportunity to learn and build for the future.


“62% of investors who are currently invested in crypto increased their allocations in the past 12 months (vs. 12% who decreased their allocations). This is evidence that institutional investors have continued to take a long-term view of the asset class even as prices have fallen,” the crypto firm detailed.


In addition, Coinbase shared: 58% of investors expect to increase their allocations over the next three years. A majority of investors (59%) are currently using or planning to use a buy-and-hold approach.


“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),” Coinbase continued, elaborating: Given the current climate, this is a strong signal of the acceptance of crypto as an asset class.


“While some investors categorize digital assets as either real assets/commodities or as alternative assets, more investors are creating their own category for crypto or classifying crypto as part of innovation or emerging technologies. This is also evidence of a long-term opportunity that may emerge in the future,” Coinbase further described.


Despite crypto winter, Coinbase said institutional investors are still bullish about crypto long-term, stating: 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. Tags in this story Coinbase, Coinbase crypto, institutional investors, institutional investors crypto


What do you think about these findings by Coinbase? Let us know in the comments section below. Kevin Helms


A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. Ghana Takes Steps to Operationalize Gold-for-Oil Scheme — Move Expected to Help Halt Cedi"s Depreciation FEATURED | 16 hours ago Elon Musk Plans to Launch Alternative Phone if Apple, Google Boot Twitter off Their App Stores FEATURED | 20 hours ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleVenezuelan Currency Plunges Almost 40% Against the US Dollar, Analysts Cite Crypto Drought as Part of the Problem Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItDraft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament


A bill updating Russia’s tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. The legislation is tailored to regulate the taxation of sales and profits in the country’s market ... read more.Fidelity Investments Launches Crypto, Metaverse ETFs — Says "We Continue to See Demand" SEC Risks Violating Admin Procedure Act by Rejecting Spot Bitcoin ETFs, Says Grayscale Bill ‘On Digital Currency’ Caps Crypto Investments for Russians, Opens Door for Payments Microbt Reveals Latest Bitcoin Mining Rigs — Machines Produce up to 126 TH/s With Custom 5nm Chip Design

News Feed

Crypto exchange Kraken has ‘no plans’ to delist USDT in Europe for now
Brayden Lindrea8 hours agoCrypto exchange Kraken has ‘no plans’ to delist USDT in Europe for nowConcerns were raised after a Bloomberg article reported Kraken was “actively reviewing” which tokens it could conti
Indian Central Bank: Developing Global Crypto Regulation Is a Priority for G20 Under India’s Presidency
Indian Central Bank: Developing Global Crypto Regulation Is a Priority for G20 Under India"s Presidency The Reserve Bank of India (RBI) says one of the priorities for the G20 under
Schiff Says US Inflation Decline ‘Only Temporary,’ Mark Cuban Sued, JPMorgan CEO on Recession, Axie Infinity Update — Bitcoin.com News Week in Review
Schiff Says US Inflation Decline "Only Temporary," Mark Cuban Sued, JPMorgan CEO on Recession, Axie Infinity Update — Bitcoin.com News Week in Review Gold bug and economist Peter
Facebook’s Zuckerberg Appears to Put Libra Launch Date in Doubt
Facebook CEO Mark Zuckerberg has refused to commit to the planned 2020 launch for the Libra cryptocurrency project. Talking in interview with Nikkei on Thursday, Zuckerberg was a
FTX Co-Founder Sam Bankman-Fried Faces US Extradition, Bankruptcy Court Says Top Execs Won’t Be Compensated
FTX Co-Founder Sam Bankman-Fried Faces US Extradition, Bankruptcy Court Says Top Execs Won’t Be Compensated According to a report citing three people familiar with the matter, th
Helen Partz9 hours agoThailand’s next prime minister Srettha Thavisin has crypto historyThavisin was once CEO of Sansiri, one of Thailand’s largest real estate firms, known for backing crypto projects like XSpring.18
Paypal Hiring Over 100 Crypto Positions as Global Cryptocurrency Adoption Rises
Paypal Hiring Over 100 Crypto Positions as Global Cryptocurrency Adoption Rises Payments giant Paypal is hiring more than 100 crypto-related positions as demand
Alice Ivey11 hours agoA brief history of the internetGain insights into the key milestones and trends that have shaped the internet into the global phenomenon it is today.422 Total views2 Total sharesListen to article 0:
Dogecoin To $1 Is ‘Absolutely’ On The Table This Cycle, Says Analyst
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Car Manufacturer Maruti Suzuki Launches Metaverse Showroom Experience in India
Car Manufacturer Maruti Suzuki Launches Metaverse Showroom Experience in India Maruti Suzuki, one of the biggest car manufacturers in India, has announced that it is taking its cus
US Lawmaker Demands Answers From Apple and Google on Measures Against Fake Crypto Apps
US Lawmaker Demands Answers From Apple and Google on Measures Against Fake Crypto Apps A U.S. lawmaker has demanded answers from Apple CEO Tim Cook and Google CEO Sundar Pichai abo
Bitcoin Hits $25,890, Peter Schiff Thinks BTC Price Rise Will Attract Regulators
Bitcoin Hits $25,890, Peter Schiff Thinks BTC Price Rise Will Attract Regulators The price of bitcoin jumped well over the $25k handle touching a high of $25,890