?? Strong Run Cryptocurrencies 2021
?? Experts critical of cryptocurrency as a private investment
?? Bitcoin & Co. before correction in 2022?
The crypto market made a significant leap forward in 2021. Not only have the majority of cyber currencies such as Bitcoin & Co. set new record highs, acceptance in the mainstream has also increased significantly in the past year. More and more institutions have opened up to the crypto market and either taken their first steps in the still relatively young field of digital currencies or accepted them as a means of payment. However, at the end of the year, a significant correction set in on the market – a correction that, according to experts, is likely to continue in 2022.
“Top Contender for Major Correction”
In a CoreData commissioned by Natixis Investment Managers Research conducted in October and November among 500 institutional investors from several countries, a majority of the experts came to the conclusion that yields on Crypto market cannot be compared with those of 2021 in the new year – on the contrary. Bloomberg reports. After the crypto market was one of the most attractive assets in the old year with a total market capitalization of 3 trillion US dollars in the meantime, cybercurrencies are a “top contender” for a “major correction” in 2022, according to a large part of the survey participants, among whom also includes four central banks, more than 20 sovereign wealth funds and more than 150 occupational pension institutions.
According to the study, 72 percent of the 500 institutional investors who took part in the survey, who manage a total of $12.3 trillion in assets, were convinced that cryptocurrencies as an investment for most private investors are not suitable.
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Crypto advocates also among the survey participants
But not all survey participants are skeptical about the crypto market. 28 percent of the survey participants have crypto investments themselves, and a third of them want to increase their commitment in the new year. Eight percent of all survey participants – including those who currently do not hold any cryptocurrencies – want to change this in the new year or expand their holdings.
In the Natixis survey, approximately 40 percent of participants indicated that they consider cryptocurrencies to be a legitimate investment option recognize, although 87 percent of those surveyed assume that central banks will have to regulate them at some point.
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