Fundstrat Survey Shows The Majority Of Institutional Investors Believe Bitcoin (BTC) Has Bottomed

Market research firm Fundstrat released a survey earlier today revealing a number of interesting opinions from across the crypto space. The survey compared the views of institutional investors with the views of “crypto Twitter” users.

The survey reveals interesting results from across the crypto community, including how the views of institutions differ significantly from the views of ordinary investors. The results of the study were shared online.

Fundstrat completed the survey over the past week, releasing two polls to institutions and crypto Twitter users. One survey was conducted during a dinner with 25 institutions. Each institution was asked 10 questions. The other survey was released to “crypto Twitter”, garnering 9,500 responses.

Some of the key takeaways from the report include:

  • The majority of institutions believe that the price of BTC has already bottomed
  • Institutions are more bullish about crypto markets than crypto Twitter
  • 72% of institutions believe crypto prices would rise – not fall – in a recession
  • Institutions believe that the best-performing cryptoasset in 2019 will be BTC, while crypto Twitter believes that XRP will be the best performing asset in 2019

Fundstrat boils down its report into major conclusions:

Conclusion #1: Institutions Are Significantly More Bullish Than Crypto Twitter On BTC

Institutions feel more strongly about BTC than crypto Twitter. Institutions believe BTC will be the best-performing cryptocurrency in 2019, while crypto Twitter users are more likely to favor XRP. In fact, crypto Twitter believes BTC has further to sink and will bottom out in 2019. Institutions, meanwhile, believe BTC has already reached its bottom and will begin climbing significantly in 2019. “We believe BTC will be the primary interest for institutional investors,” concluded Fundstrat.

Conclusion #2: XRP Is The Least Liked And Most Polarizing

Fundstrat’s report also identifies XRP as “a contrarian buy”, stating that it’s a polarizing cryptocurrency for crypto Twitter users and institutions alike. Some people believe in the future of XRP, while others feel strongly against it. Users and institutions alike cited common concerns with XRP, including the centralization of XRP, its tenuous ties to Ripple, and other issues. One third of institutions also described XRP as the “least understood” digital currency.

46% of crypto Twitter users chose XRP as their favorite digital currency while 31% said it made “least sense” out of other cryptocurrencies. No other cryptocurrency even came close. 28% of institutions, meanwhile, also said that XRP made the least sense. Zero institutions (!) picked XRP as their favorite token.

Ultimately, this survey shows how different opinions can be across the crypto community, with institutions believing one thing and crypto Twitter users believing another.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Avatar
Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,511FansLike
2,795FollowersFollow
4,274FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Coinbase and Circle Consortium's USDC Stablecoin is Now Integrated on Solana Blockchain

The Center announced today Solana blockchain as an official Chain for its USDC stablecoin. As an expansion of the “fully-reserved and regulated digital dollar stablecoin,”...

Ethereum Classic & IOHK Team Up to Find Solutions to Prevent 51% Attacks On The Blockchain

The Ethereum Classic Cooperative development team partners with Input Output Hong Kong (IOHK) to counter the numerous 51% attacks on the Ethereum Classic...

OKEx Exchange Resumes P2P Fiat Trading for Chinese Yuan, Indian Rupee, & Vietnamese Dong

Cryptocurrency exchange OKEx announced on Wednesday that it is resuming peer-to-peer (P2P) trading for CNY, INR, and VND fiat pairs from today at 12:00...

SEC Proposes $5 Million Settlement in Kik’s $100 Million Initial Coin Offering (ICO) for KIN

Kik Interactive, the embattled Canadian messaging startup, seems to have finally reached a settlement deal with the SEC regarding its illegal ICO back in...

First UK Public Listed Company, Mode Global Holdings, Converts 10% of Cash Reserves into Bitcoin

What started with public listed company MicroStrategy has now become a movement as more and more companies continue to join the ranks. This month, after...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today