Majority of Binances Institutional Investors Feel Optimistic About Crypto Market Over Next Year: Survey

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Over 60% of institutional investors in Binances feel optimistic about the outlook for crypto markets over the next 12 months, according to a new survey from the company.

The world’s leading crypto exchange surveyed 208 of its institutional clients and VIP users between late March and mid-May this year.

Over 63% of respondents say they are 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 Binances institutional investors say they use crypto for intraday trading strategies, the top primary use case among respondents.

In terms of rating which sectors of the crypto ecosystem respondents consider to be very important, the majority (53.9%) said infrastructure, followed by Layers 1 (48.1%) and Layers 2 (43.0%). .8%).

Binances institutional investors have also gained a more positive perception of Bitcoin (BTC) over 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 greater proportion of investors have become more positive towards Bitcoin compared to the broader crypto sector (47.3 % versus 33.2% respectively).

This may be due to recent market developments, technological innovations in the Bitcoin ecosystem, or perhaps a stronger belief in the narrative of Bitcoins as digital gold in an uncertain macro environment.

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