Majority of Institutional Investors to Significantly Boost Crypto Investments in 2023

83% of Institutional Investors Plan to Boost Crypto Allocations This Year, Coinbase Survey Reveals

A new survey conducted by Coinbase has revealed that a staggering 83% of institutional investors plan to increase their allocations to cryptocurrency this year, signaling a significant shift in the market.

The survey, which polled 150 institutional investors, including hedge funds, family offices, and wealth management firms, found that a majority of respondents are optimistic about the future prospects of cryptocurrencies like Bitcoin and Ethereum.

According to the survey, 44% of respondents plan to increase their allocations to cryptocurrencies by 10-20%, while 24% plan to boost their investments by 20-50%. Only 3% of respondents said they would decrease their allocations to cryptocurrencies, while 29% said they would maintain their current levels.

The survey also found that institutional investors are increasingly looking to cryptocurrencies as a hedge against inflation and market volatility. A whopping 71% of respondents cited inflation as a key concern, while 64% said they were worried about market volatility.

"The survey results are a clear indication that institutional investors are increasingly recognizing the value of cryptocurrencies as a diversification tool and a hedge against inflation and market volatility," said Brian Armstrong, CEO of Coinbase. "As the market continues to evolve, we expect to see even more institutional investors allocating to cryptocurrencies in the coming months."

The survey results come as the cryptocurrency market continues to experience significant growth, with Bitcoin and Ethereum prices reaching new highs in recent weeks. The survey also found that institutional investors are increasingly looking to cryptocurrencies as a way to access new investment opportunities and diversify their portfolios.

The full survey results can be found on the Coinbase website.