Survey: Current State of Crypto

in #crypto5 years ago

The results of a recent crypto survey may surprise you...

Fundstrat just released their survey on the Current State of Crypto, and the results were pretty interesting to say the least!

If you are not familiar, Fundstrat Global Advisors are a stock and crypto research firm that have taken the lead on Wall Street Crypto Research.

The firm is lead by Tom Lee, a guy who I have written about numerous times on here before.

He has a long track record of success with stock picks and macro forecasts.

His track record in crypto has been a bit spotty to start with, but the research being done by his firm is some of the best in the space.

Back to the survey....

Fundstrat recently conducted a survey comparing the thinking of institutional investors to that of crypto twitter, which is likely made up of mostly retail traders.

The survey was composed of 25 institutions and roughly 9,500 respondents on crypto twitter.

The results can be seen here:

(Source: https://twitter.com/PhilCrypto77/status/1047851301990748160)

Do you see what I see?

Looking at the results there are a couple things that really stand out.

Whether bitcoin has bottomed or not is a big one.

Institutions say the lows are in, while retails says there is still more pain to come.

Usually institutions have a better pulse on when to buy and sell than retail does, but not always.

The other interesting thing is that institutions see greater upside by end of this year for bitcoin as well as end of 2019, than crypto twitter.

The primary beneficiary of capital inflows is expected to be bitcoin and for that reason it is expected to significantly outperform according to institutions.

XRP also gets some interesting press in this survey.

Stay informed my friends.

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By institution what/who is he actually referring to?
Twitter has a larger sample so numbers like these are nothing short of possible, one thing is clear; 2019 is speculated to be a great year.

There was a dinner where 25 institutions were all together where he took the survey. They were not mentioned by name, but the difference in their thinking is pretty clear. I found it very interesting. Which one do you think is more likely to be correct?

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What I'm hearing, and I kind of believe it as well, is that Bitcoin will hit 8 to 10,000 this year before dropping down to three to four thousand next year but then rebounding up to maybe 15,000 by early 2020. I'd like to believe it will go higher than that, but it's hard to say at this point.

I am actually thinking that 2019 is going to be a massive year for crypto. I personally think that $40k to $50k by end of 2019 is not out of the question.

I'm certainly on board with that thought, but I've learned that having a touch of bearish sentiment mixed in with the bullish is kind of smart.

I thought 2018 was going to be a huge rocket ship for crypto but it ended up being a massive disappointment.

It is tough to have two massive years in a row. After the massive move up in 2017, it made a lot of sense for 2018 to be mostly pulling back and consolidating. Once that is done, the next leg higher begins. I hope. :)

Interesting indeed... I think we are seeing these results in the market as different opinions are moving prices within and ever smaller range. I think we will know soon enough!

I think so too. Periods of low volatility often happen right before periods of high volatility, kind of intuitive, I know. :) The calm before the storm is my guess. The question is whether we break down or up. I am hoping for up, but we may have one more wash out/new low to go.

Bitcoin...

If no one else wants in, that is probably the time to buy, no? :)

Not if it's never going to get off the ground again - I honestly think cryptos have moved on - we are all guessing here, but that is my best guess at this point

If they never get off the ground again, we are all wasting our time here. I think they will for sure, the question in my mind is only: which ones will get off the ground again?

I'm taking a punt on Monero, Dash, Steem, and Etherium, and watching a few others for a good time to buy - but only after at least 30 days of rising prices!

There was 18 days (10-28) in April, but that is the closest this year.

This reinforces my belief that no one really knows what is going to happen from one week to the next. It's just too early on, to give credit to any 'analysis'. There is isn't enough trading history, despite BTC being around for a decade, it has morphed into a totally different beast that I think makes it hard to contextualise its trading.

While that is true, there is something to be said listening to the people that are likely going to represent the next major money flow into bitcoin/crypto. If institutions think the bottom is in, that might be because they are going to make it be in.

With regards to institutions don't put any validity in what they say, rather what they do. These are the same guys that have no problem with selling investors financial products while at the same time shorting them.

True, which is also why looking at their past calls is also important. Some are much better than others of actually doing what they say publicly, others not so much.

@jrcornel, In my opinion we have to see Institutional Investors to see the boost in the Crypto Sphere and for sure in this phase it's reflecting as in coming days some effective news can come up because more and more developments are going on in Crypto Economy.

And in global level, everyone hold one concern and that is, uncertainty of Cryptos and that's why we need the Institutional Investors so that we can see the stability and when we attain stability then more Investment Injections will increase.

Wishing you an great day and stay blessed. 🙂

I agree. Bitcoin currently has a demand problem. Currently there is just not enough money flowing into the space. The next surge of money into crypto likely comes from institutions, which means it is smart to invest where you think they are going to put their money.

"Skate to where the puck is going to be, not where it is"

Yes, you've said absolutely true points, and for sure Institutional Investors will going to move the trends and we have to stay up to date with all the updates. Have a great time ahead. 🙂

Welcome and thank you. 🙂

very interesting respond on the survey.

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