Majority of Binance’s Institutional Investors Feel Optimistic About Crypto Market Over the Next Year: Survey – The Daily Hodl

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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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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• Source: https://dailyhodl.com/2023/07/01/majority-of-binances-institutional-investors-feel-optimistic-about-crypto-market-over-the-next-year-survey/