Many institutional investors are predicting a major correction in the cryptocurrency market next year, a survey published by Natixis Investment Managers shows. Despite seeing crypto as the top contender for a major correction, institutional investors are increasingly warming up to the asset class.
Institutional Investors See Crypto as Top Contender for Major Correction
Natixis Investment Managers published the results of a global institutional investor survey Wednesday. The company polled 500 institutional investors who collectively manage $13.2 trillion in assets for public and private pensions, insurance, stiftelser, endowments, and sovereign wealth funds worldwide. Nästan 100 institutional investors in the U.S. who manage $1.3 trillion in assets were included.
Institutional investors were asked about which markets will see a major correction next year. While “institutions see the potential for corrections in a range of asset classes and sectors,” the survey findings state:
They think the top contender for a major correction next year will be cryptocurrencies.
Natixis detailed that cryptocurrency tops the list of correction concerns with more than half of institutions surveyed calling for a correction. Next on the list are interest-rate-sensitive bonds (45%), lager (41%), and technology (39%).
Despite predicting a major correction for the crypto market, institutional investors are increasingly warming up to the asset class, Natixis noted, anger:
Even as crypto is the top contender for correction, institutions are beginning to warm to digital currency.
Natixis added: “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.” Under tiden, 87% of institutional investors expect central banks to eventually regulate cryptocurrencies.
A growing number of institutional investors have shown interest in cryptocurrencies over the past months. I maj, global investment bank Goldman Sachs said that fear of missing out (FOMO) är driving institutions to bitcoin. I juli, a survey by Nickel Digital Asset Management shows that 82% of institutional investors and wealth managers are planning to increase their crypto exposure between now and 2023.
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