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RE: Survey: Current State of Crypto
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.