FUNDSTRAT / Tom Lee Publishes Results of Their Questionnaire Showing Key Institutionsal Crypto Market Positioning / TLDR Overview

[barrydutton]

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On the institutional front, Fundstrat published the results of their questionnaire.

-- which shows that:

• 82% of institutions polled believe that Bitcoin has bottomed out;

• 65% believe that crypto assets will appreciate if there is a global recession;

• 67% believe that Ether will not be classified as a security,

• and 41% believe BTC will trade between $20k - $30k by the end of 2018.

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Enlarged:

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Tom Lee is well known in the markets:

Thomas Lee
@fundstrat
Co-founder Fundstrat Global. Analysis not opinions. Data science speaks louder than gurus.

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The links are here:

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Thanks for Reading!

Comments

[lancine]

Interesting. Good info. Would be interesting if Fundstrat asked the same questions regularly, so they can compare attitudes on yearly or quarterly basis.

Love this kind of stats. Thank you

[lancine]

"82% of institutions polled believe that Bitcoin has bottomed out"
I hope that translates into "the vast majority of institutions regard BTC prices under 8000 as a bargain."

Going up?