Bear Market Didn't Hurt Crypto Fundamentals, Claims Fidelity

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Fidelity Digital Assets has released its findings on the institutional crypto market sentiment revealing that things may not be as bad as they seem.

Jessop added that institutional investors were experienced in managing through these market cycles. The factors that they believe are appealing about crypto assets remain relevant as the market emerges from this bear phase, he added.

Regarding investor type, the adoption and consideration of crypto were highest among high-net-worth investors, crypto hedge funds, venture capital investors, and financial advisors. Those on the lower end of the adoption scale included family offices, pension plans, traditional hedge funds, and endowments and foundations.

The fifth most commonly cited source of appeal was that crypto was uncorrelated to other assets. However, crypto markets have actually been highly correlated to tech stocks this year, both of which have taken a beating.Plans to Buy More Crypto

 

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