Research: Are the Rich Losing Interest in Bitcoin and Cryptocurrencies?

US-based banking and investment giant Goldman Sachsshared the current status of the crypto research it carried out about 2 years ago with its customers.

According to a Goldman Sachs survey of wealthy families and individuals, interest in digital assets has decreased significantly due to the bear market. The chart table shared by the experts revealed that the proportion of the rich who are not interested in investing in crypto money has increased from 39% to 62% since 2021.

The data collected from 166 different family offices around the world also determined that the segment that did not take a decision on cryptocurrencies decreased from 45% to 12%. The rate of those who view digital assets positively increased from 16% to 26%.

What is the Reason for Investors?

Meeting with large and wealthy families Goldman Sachs researchers, “I am interested in crypto” He also questioned what attracted the attention of the respondents.

Negative answer 68% in cryptocurrencies While the future could not see, 19% of the audience stated that they believe in the power of blockchain technology. Separate segments of 9%-8% touched on DeFi applications, the claim that crypto is a store of value, portfolio distribution and speculation.

Experts interpreting the survey data look for the reason for the negative trend in increasing regulatory pressure, bear market, rising interest rates and sinking crypto startups.

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