Bitcoin and altcoin markets are experiencing a major correction after the mega bull rally at the beginning of the year. However, as even 50% corrections are considered normal, some consider lows as buying opportunities. Now, according to senior money managers, the crypto market may be ripe for a big sell-off in 2022. Here are the predicted dates for the “selloff” season…
Institutional investor expects Bitcoin and altcoin market correction in 2022
According to the survey by Natixis Investment Managers, cryptocurrencies are currently the “biggest contender” for a “big fix” in 2022. Almost three-quarters of institutions surveyed stated that cryptocurrencies are not viable investment options for individual investors. However, 40% of the institutions surveyed also accept cryptocurrencies as a legitimate investment option. They believe it should be regulated at the same time.
cryptocoin.com In addition, it was stated that institutional investors are participating in the crypto market in large numbers. 28 percent of the total institutions surveyed by Natixis have already invested in crypto. Also, one-third said they plan to increase their crypto portfolios next year. Institutional players rely on the inflation hedge function of cryptocurrencies, but it should be noted that the market largely follows movements in global equity markets.
David Solomon thinks the cryptocurrency market will stagnate
Goldman Sachs CEO David Solomon told CNBC that he does not expect the same returns in stocks in the coming years. Solomon adds:
We hope that in the next few years we will not see the same rate of return that we have seen in stocks and many other assets over the past few years. A number of investment committees and charitable foundations, college boards, etc. I’ve been interested in, and it’s definitely my mindset that the returns we’ve had over the last three to five years have been different from what we should expect as we move forward.
For these reasons, David Solomon thinks that the cryptocurrency market will move sideways for a very long time, as seen in the 2018-2020 period.
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