Institutional investors today are more optimistic about cryptocurrencies, in particular bitcoin (BTC) than members of the crypto community. This is shown by the recent study of Fundstrat Global Advisors, the results of which he shared in an interview with CNBC, co-founder of the research Agency for financial analyst Tom Lee (Tom Lee).
The researchers conducted a survey in Twitter account Whether separately among traditional financial institutions and long-standing players cryptofaunal market. In the first survey involved 25 organizations, whose members gave 9500 answers. According to the obtained answers Tom Lee concluded that “wall street doesn’t doubt the positive outcome for bitcoin”.
So 54% of the respondents showed an optimistic sentiment towards bitcoin, agreeing with the opinion that the minimum level of the exchange rate for bitcoin has reached this year, and it won’t happen again. Institutional investors are also confident in the future growth of the cryptocurrency. 57% of voters agree that the rate of BTC will rise at least to $15,000 or more by the end of 2019.
At the same time, representatives of Scripturally hold less optimistic views on the future of bitcoin. 66% of respondents to the survey on Twitter, I voted for the option of falling prices for cash to a lower level, and only 40% of respondents agreed that the rate of BTC can rise to $15,000 by the end of 2019.
The involvement of institutional investors in the cryptocurrency sphere becomes really noticeable. In early October, Bloomberg wrote that the traditional financial institutions in the cryptocurrency industry are increasing, and they almost replaced private investors in the field of crypto-currency transactions in the amount of $100 000. In particular it was about hedge funds, interested in trading on the OTC market (OTC).
Whether he also holds optimistic views on the fate of the main cryptocurrency. In late August, the analyst expressed confidence in the growth rate of bitcoin to $20,000 at the end of the year. In mid-September, another expert in the field of cryptocurrencies, the founder of the Bank Galaxy Digital Mike Novogratz (Mike Novogratz) stated that rates of cryptocurrencies dropped to a historic low, and in the future they will only explosive growth.