Coinbase survey: 62% of investors increased allocations over 12 months

    23 Nov 2022

    A Coinbase survey revealed that crypto winter affected investors’ sentiment not as bad as expected. Thus, 58% of investors in the survey expect to increase allocations over the next three years.

    The 2022 Digital Assets Outlook Survey found that 62% of investors who are currently invested in crypto increased their allocations in the past 12 months compared to 12% who decreased allocations.

    “This is evidence that institutional investors have continued to take a long-term view of the asset class even as prices have fallen,” Coinbase said. “Looking ahead, 58% of investors expect to increase their allocations over the next three years.”

    Also, around 59% of investors are currently using or planning to use a buy-and-hold approach, according to the survey.

    Noteworthy, the survey was conducted before the collapse of FTX and Alameda – which have sent a ripple effect across the entire crypto market, spurring further fears of contagion. However, only 7.9% of institutional investors covered by the Coinbase poll expect crypto prices will trend higher in the next 12 months.

    The poll interviewed 140 institutional investors to get a read on current sentiment and outlook toward digital assets since the start of the current crypto winter.

    This June, technology consulting company Capgemini released its 2022 World Wealth Report, which revealed that 71% of high-net-worth individuals (HNWI) around the world have invested in cryptocurrencies and other digital assets. It polled 2,973 global HNWIs, with 54% reporting a wealth band ranging from $1 million to $30 million and 46% reporting wealth of $30 million and over.

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