Majority of Binance’s Institutional Investors Feel Optimistic About Crypto Market Over the Next Year: Survey
More than 60% of Binance’s institutional investors feel optimistic about the crypto market’s prospects in the next 12 months, according to a new survey from the company.
The top global crypto exchange surveyed 208 of their institutional clients and “VIP users” between late March and mid-May of this year.
More than 63% of the respondents say they feel optimistic about the crypto market over the next year, and 88% of them feel positive about the sector over the next decade.
Nearly 45% of Binance’s institutional investors say they utilize crypto for intraday trading strategies, the respondents’ largest primary use case.
In terms of evaluating what sectors within the crypto ecosystem the respondents view as “very important,” the majority (53.9%) said “infrastructure,” followed by layer-1s (48.1%) and layer-2s (43.8%).
Binance’s institutional investors have also gained a more positive perception of Bitcoin (BTC) in the past year compared to the rest of the crypto market.
Explains Binance,
“Interestingly, while the perception of crypto and Bitcoin has remained largely unchanged over the past 12 months, a larger proportion of investors have become more positive towards Bitcoin compared to the broader crypto sector (47.3% vs. 33.2% respectively).
This may be due to recent market developments, technological innovations in the Bitcoin ecosystem, or perhaps stronger conviction in Bitcoin’s narrative as digital gold amidst an uncertain macro environment.”
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Author: Daily Hodl Staff
