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

Finance Author Says $100K Bitcoin Prices Not ‘So Far-Fetched — Don’t Rule It Out’
Finance Author Says $100K Bitcoin Prices Not "So Far-Fetched — Don’t Rule It Out" Throughout 2021, there’s been a number of people who have said they expect bitcoin to r
El Salvador Considers Opening Second Bitcoin Embassy in Texas to Boost Economic Exchange
El Salvador Considers Opening Second Bitcoin Embassy in Texas to Boost Economic Exchange On Feb. 14, 2023, Milena Mayorga, the Salvadoran ambassador to the United States, announced
Gamestop Shares and Reddit Fueled Stocks Plummet, Crypto Fans Say Bitcoin Is the Only True Attack
Gamestop Shares and Reddit Fueled Stocks Plummet, Crypto Fans Say Bitcoin Is the Only True Attack Following the Wallstreetbets saga last week, a great number of
Russia Takes Down 4 Carding Sites With Over $260 Million in Crypto Turnover
Russia Takes Down 4 Carding Sites With Over $260 Million in Crypto Turnover Law enforcement in Russia has blocked major sites on the dark web, including a carding market leader. Th
This simple Bitcoin investment strategy prevents crypto traders from being liquidated
Ivan Zhelev3 hours agoThis simple Bitcoin investment strategy prevents crypto traders from being liquidatedData proves that dollar-cost averaging into Bitcoin produces better results than FOMO purchasing and attempting t
Unido EP: Enterprise-Grade Digital Asset Management, for Everyone
Unido EP: Enterprise-Grade Digital Asset Management, for Everyone press release PRESS RELEASE.Since the last product offering comparison with Fireblocks, Unido has now successfully
How ETFs are reshaping the crypto markets
Marco Castrovilli7 hours agoHow ETFs are reshaping the crypto marketsIn Cointelegraph’s latest video, experts discuss the impact of the spot Bitcoin ETF approvals on the crypto markets and the potential for a spot Ethe
Gareth Jenkinson11 hours agoGrayscale submits SEC filing to convert Ethereum Trust to spot ETFCrypto asset manager Grayscale has filed an application with the U.S. SEC to convert its Ethereum Trust to a spot Ethereum ETF
Ethereum Price Holds Strong Above $2,400 — Is $2,650 The Next Stop?
Este artículo también está disponible en español. The crypto market has been under intense bearish pressure in recent days, with the Ethereum price falling by 6% in the p
How Many More Birthdays Until Bitcoin Wins?
John Biggs is CoinDesk’s multimedia editor. The views expressed here are his own. Bitcoin just turned 11 and it’s worth looking at what this technology has achieved. Fi
Bitcoin privacy will survive despite CoinJoin closure — zkSNACKs CEO
Gareth Jenkinson14 hours agoBitcoin privacy will survive despite CoinJoin closure — zkSNACKs CEOThe impending closure of zkSNACKs’ CoinJoin service has been described as a setback for Bitcoin developers and privacy p
NFT sales fell 44% as crypto dipped, memecoins steal ‘mind share’ in Q2
Brayden Lindrea3 hours agoNFT sales fell 44% as crypto dipped, memecoins steal ‘mind share’ in Q2Several PolitiFi and animal-themed memecoins continued to soar in the second quarter despite the broader market downfal