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Brokerage firm Bernstein says institutional adoption of crypto ongoing despite the crypto winter

2022/10/20 12:46

Asset managers that were actively investing in cryptocurrency markets in the bull market of 2020/21 continue to invest in the sector and remained committed to digital assets, with some planning to allocate more capital, brokerage firm Bernstein said in a research report Monday.
Private market investors continue to look for opportunities in the space, “albeit being way more valuation sensitive,” the report said. Therefore, “crypto converts” remain active in the sector, but those investors who were ambivalent about digital assets in late 2021 have delayed their plans.
Bernstein says it is seeing select large asset managers continue to build out their digital assets strategy and expects these strategic initiatives to result in “actual direct digital assets allocations 12-18 months down the line.” It said it also continues to have active conversations with a number of investment managers at different stages of interest in the sector.
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