Greater than 60% of Binance’s institutional buyers really feel optimistic in regards to the crypto market’s prospects within the subsequent 12 months, based on a brand new survey from the corporate.
The highest world crypto alternate surveyed 208 of their institutional shoppers and “VIP customers” between late March and mid-Could of this yr.
Greater than 63% of the respondents say they really feel optimistic in regards to the crypto market over the subsequent yr, and 88% of them really feel optimistic in regards to the sector over the subsequent decade.
Almost 45% of Binance’s institutional buyers say they make the most of crypto for intraday buying and selling methods, the respondents’ largest major use case.
When it comes to evaluating what sectors throughout the crypto ecosystem the respondents view as “essential,” the bulk (53.9%) mentioned “infrastructure,” adopted by layer-1s (48.1%) and layer-2s (43.8%).
Binance’s institutional buyers have additionally gained a extra optimistic notion of Bitcoin (BTC) prior to now yr in comparison with the remainder of the crypto market.
Explains Binance,
“Apparently, whereas the notion of crypto and Bitcoin has remained largely unchanged over the previous 12 months, a bigger proportion of buyers have develop into extra optimistic in the direction of Bitcoin in comparison with the broader crypto sector (47.3% vs. 33.2% respectively).
This can be as a result of current market developments, technological improvements within the Bitcoin ecosystem, or maybe stronger conviction in Bitcoin’s narrative as digital gold amidst an unsure macro setting.”
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