Majority of Binance Institutional Investors Bullish on Crypto Market Next Year: Survey
According to a new survey by the company, more than 60% of Binance institutional investors are optimistic about the prospects for the crypto market over the next 12 months.
The world’s leading crypto exchange surveyed 208 of its institutional clients and “VIP users” between late March and mid-May this year.
More than 63% of respondents say they are bullish on the crypto market over the next year, and 88% of them are bullish on the sector over the next decade.
Nearly 45% of Binance’s institutional investors say they use crypto for intraday trading strategies, the largest key use case surveyed.
When assessing which sectors within the crypto ecosystem respondents consider to be “very important”, the majority (53.9%) indicated “infrastructure”, followed by layer-1s (48.1%) and layer-2s ( 43.8%).
Binance institutional investors have also gained a more positive perception of Bitcoin (BTC) over the past year compared to the rest of the crypto market.
Explains Binance,
Interestingly, while perceptions of crypto and bitcoin have remained largely unchanged over the past 12 months, a larger proportion of investors have become more positive towards bitcoin relative to the broader crypto sector (47.3% vs. 33.2%).
This may be due to recent market developments, technological innovations in the Bitcoin ecosystem, or perhaps a stronger belief in Bitcoin’s narrative as digital gold amid an uncertain macroeconomic environment.”
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