Institutions More Bullish on Bitcoin than Retail Investors: Fundstrat

There is a general perception that retail investors are susceptible to pink forecasts about the future of bitcoin, while institutions are more clearly heading for the prospect of this new class asset. However, the new survey conducted by a Wall Street strategy firm found out that when institutions start to be interested in bitcoin, they become even more among their retail counterparts.
Fundstrat, the first Wall Street strategy firm to embrace bitcoin, conducted a six-question Twitter poll to gauge the sentiment among retail cryptocurrency investors and then asked the same questions at a private dinner held with institutional investors. The company subsequently introduced answers to the report published on Thursday.
Although the various institutional and retail investors, claimed that the bitcoin price had fallen to its lowest, institutions were more confident by a 10 percent margin. Institutions were also more confident at bitcoin’s in 2019, with 57 percent saying that they believed that bitcoin price would end at about $15,000, compared to less retail investors
The greatest divide between institutions and “crypto twitter” appeared when investors were invited to predict the market performance of 2019, as well as identify the least favorite cryptocurrency.
Among the institutions, bitcoin was the best success for the most recent performing cryptos, with 59 percent of investors putting their trust on the original cryptocurrency. EOS arrived second with 18 % with ethereum and neo also in the list.
On Twitter, Ripple comes at the highest place, due to having 46 percent of the votes. Bitcoin finished second with ethereum and EOS ( no other coins were included in the polls because Twitter only allows for four options ).
Ripple was also a powerful candidate for crypto twitter least wanted cryptocurrency ( 12 % of respondents noted that its investment thesis had no sense between the 4 coins included in the survey). However, it ended a close second to Tron, which received 32 percent of the votes. Ethereum classic ( 20 % ) and bitcoin ( 17 percent)also were present. Shockingly, Ripple was also the most controversial cryptocurrency, as many said that it was their favorite, and also many stated that for them it did not make sense.
Notably, the surveys also found that, although XRP is touted for the utility it supposedly offers banks and other financial services businesses, 28 percent of institutional investors said that its investment thesis made the least sense, and none selected it as their favorite cryptocurrency. Investors were also bearish about ripple, with bitcoin finishing at a distant second place. Other candidates receiving votes included Tron, ethereum classic, bitcoin cash, Cardano, EOS, Litecoin, and Tether.

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