Analysts of KPMG, one of the largest consulting and auditing companies in the world, cryptocurrency They explained that investments in their units and blockchain technologies continue to decrease and that the bottom level has not yet been seen in this decrease.
Big Whales Are Expected to Include the Game to End the Recession in the Cryptocurrency Industry
Analysts stated that the lack of willingness of the big whales in the crypto money industry to buy is an indication that 2022 will be completed well below the all-time high in dollar terms.
However, with the big whales changing their buying strategy, this situation may be reversed and a new bitcoin rally possible.
Cryptocurrency and blockchain investments totaled $14.2 billion as of the end of June. In 2021, the highest investment of all time was made in the sector with 32.1 billion dollars, primarily institutional investors.
In a published report, KPMG analysts stated that before 2018, a significant portion of Bitcoin investments came from individual investors, since then the investor profile has changed and institutional investors now make up a much larger portion of investments.
Patrick Feeney, founder and former mutual fund manager of Feeney Factor, said, “With inflation, Bitcoin is acting like a tech stock, Bitcoin was supposed to be digital gold, but things have not been going that way lately.”
On the other hand, KPMG analysts state that the decentralized finance revolution will survive despite all these negativities in the market.
KPMG analysts list the most favorable areas for innovation in the coming period: stablecoins, blockchain adoption, as well as partnerships between traditional companies and companies in the crypto industry to solve environmental, social and governance problems.
*Not investment advice.
For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android and iOS Start live price tracking right now by downloading our apps!