The world’s largest crypto exchange Binance conducted a survey in which only institutional and VIP customers participated. The result of the survey shows that 63.5% of participants believe that crypto assets would perform good over the next 12 months.
In Binance’s survey, 208 VIP and institutional investors participated and shared their opinions on crypto future. Moreover, the survey was conducted between March 31 and May 15, 2023.
The report’s results were revealed on Friday to the public. As per the results, 25.3% of participants believe crypto regulatory clarity will pump crypto adoption. Investors now have some doubts about crypto investments as US major regulator, Securities and Exchange Commission, initiated major lawsuits against US top firms including Binance and Coinbase.
Binance’s survey reveals 47.1% respondents did not sell or move crypto holdings over the last one year while 35.6% increased their crypto allocation in the past one year.
50% of investors wanted to add more crypto in their portfolios as they see bight future for crypto. Only a small portion, approximately 4.3%, expressed their desire to reduce their crypto exposure.
88% Of Investors Had Positive Opinion for Crypto Assets Over The Next Decade
When asked about the crypto future for the next decade, 88% of participants had positive outlook. This shows that investors want crypto to grow and flourish. Currently, they are hesitant to invest in cryptocurrencies, including Bitcoin, due to some valid reasons including crypto regulatory uncertainty and crypto scams, etc.
Binance itself is facing the wrath of US regulators but fighting very hard to defend its stance about crypto. The crypto exchange has hired some of the best legal experts to fight their case in court against SEC.
Binance executives believe they did not do any kind of illegal activities and was doing clean business in the United States. Binance is not the only crypto exchange facing regulatory hurdles. Coinbase also joins the list of crypto firms that were sued by SEC.
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