Cryptocurrencies represent a bubble
A recent survey concludes that the main investors and representatives of the banking sector consider that the crypto universe can explode like a bubble, with the painful results experienced in 2018
A recent survey by the Cayman Alternative Investment Summit (CAIS), which included a sample of 100 investors, shows that cryptocurrencies are seen as a bubble that could explode and cause negative results, as happened in 2018.
The CAIS survey included investors and alternative managers among the participants of its sixth annual conference in early February. The results indicate that 45% of the sample “consider the digital currency as the kind of assets that currently represents a bubble”.
On the other hand, 20%, 19% and 16% consider that US equities, as well as the anchored loan market and private credit represent a bubble, respectively.
However, respondents highlighted the benefits of technological changes and their influence on the market, as well as automation and machine learning.
The most important of these results is that those involved in the crypto ecosystem do not want to create new bubbles and suffer the painful consequences of 2018.
M.Pino
Source: Cointelegraph
