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Why Institutional Investors Are Already Preparing for the Next Bull Run?Digital asset prices have been falling steadily since last November, with the combined market capitalization taking an over 60% hit by December 16, 2022.In the meantime, Terra’s collapse, the bankruptcy of prominent CeFi providers like Celsius and Voyager, as well as the high-profile FTX scandal aggravated the negative impacts of the ongoing bear market.Considering the above, the crypto industry’s short-to-mid-term outlook is definitely not looking ideal. That said, it seems institutional investors are refusing to sell their cryptocurrency holdings and even increasing their digital assets portfolio.A Coinbase-sponsored survey published in November revealed that 62% of institutional investors in digital assets had grown their allocations in the past 12 months. Interestingly, only 12% decreased their investment in cryptocurrencies, with 58% of the respondents expressing their intentions to purchase more coins in the next three years.The above data serves as evidence that institutions continue to see potential in crypto. But why are they so eager to accumulate cryptocurrencies amid the current bear market?Read full article: <a href="https://dailyhodl.com/2023/01/11/why-institutional-investors-are-already-preparing-for-the-next-bull-run/" rel="noopener noreferrer nofollow">https://dailyhodl.com/2023/01/11/why-institutional-investors-are-already-preparing-for-the-next-bull-run/</a>

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Egyéb ezen a dátumon (2023. jan. 16.) megosztott cikkek

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