RATE Group | Poll: Majority of Investors Believe Cryptocurrency will Appreciate During a Recession, B…
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Poll: Majority of Investors Believe Cryptocurrency will Appreciate During a Recession, B…

09 Oct Poll: Majority of Investors Believe Cryptocurrency will Appreciate During a Recession, B…

Posted at 13:36h in Cryptocurrency News by

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Fundstrat Global Advisors found in a poll among institutional investors and twitter users that a majority of individuals believe that cryptocurrency prices will rise during a recession.

The poll found that 72% of institutional investors believed that cryptocurrency prices will increase during a recession, while 59% agreed via the twitter poll. The institutional investor sample size was 25, while the twitter poll size was 5,382. The poll also found that central banks were viewed as the most heavy influence on cryptocurrency prices (35%), followed by emerging markets (28%).

However, Mati Greenspan, a senior market analyst at eToro, said that a price rise during an economic recession is not a certainty. He does not “think it’s so binary” since looking “over the past few years crypto has had a unique correlation with high-risk assets. They have risen as investors sought additional risk”. Nevertheless, he did say that he “sees why investors think that” and that…

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