Survey: 90% of professional investors are confident in the favorable prospects for the crypto market

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According to a survey conducted by Nickel Digital Asset Management, 92% of professional investors are optimisticon the development of the cryptocurrency market, despite its fall.

Analysts at Nickel Digital Asset Management conducted a survey among 200 professional investors from seven countries with $2.2 trillion in assets under management.About 92% of survey participants called the rates of bitcoin, ether and other popular cryptocurrencies attractive.Respondents believe that buying crypto during the current bearish trend couldIn five years, bring high profits. 

It turned out that due to the sale of crypto assets, which arose against the backdrop of an unpleasant situation with the FTX exchange, 56% of respondents also began to sell cryptocurrencies, and 14% significantly reduced their holdings of digital assets due to a large-scale market correction. 

55% of investors noted that they have owned cryptocurrencies for more than three years and in general their experienceAbout 72% of survey participants said they had profited frominvestments in crypto assets, and 24% estimated their profits as high.Only 6% of investors suffered losses, and 12% did not suffer losses. 

Analysts at Nickel Digital have concluded that institutional investors play an important role in shaping the bullish trend in the market due to their ability to push cryptocurrencies to new highs.

In October, Fidelity analysts concluded that cryptocurrency adoption among major financial companies is at a high level.However, Ethereum co-founder Vitalik Buterin believes that the crypto industry should notrely on institutional capital to preserve decentralization.