According to the majority of large investors using the services of the Binance bitcoin exchange, digital currencies will continue to grow in price in the coming years.
This is the conclusion of a company that surveyed 208 of its VIP clients and institutional clients from March 31 to May 15, 2023. Her report states that approximately 88% of professional investors are positive about the long-term prospects of digital currencies.
63.5% of survey participants believe that growth will continue over the next 12 months. 25.3% of institutional investors spoke in favor of the accelerated legalization of the cryptosphere in the leading markets.
26.9% of respondents admitted that cryptocurrency can be used not only in speculation, but also in transactions to pay for goods and services.
Only 4.3% of traders were in favor of a phased reduction in investment in virtual assets.
The press service of Binance noted:
Institutional investors are confident that addressing regulatory uncertainty will encourage greater adoption of digital currencies.
A similar conclusion had previously been made at Brown Brothers Harriman. From a survey conducted by the company, it follows that 74% of institutional investors are ready to increase capital investments in crypto ETFs.
