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Crypto is the ‘top contender’ for correction, money managers say
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economictimes.indiatimes.comcryptocurrencies were finally embraced by institutions. Now those same money-managers say the asset class is ripe for a big selloff next year.
Digital assets are the “top contender” for a “major correction” in 2022, with nearly three-quarters of institutions polled saying they’re not an appropriate investment for most retail investors, according to a survey done for Natixis Investment Managers. Meanwhile, 28 per cent of all institutions surveyed currently invest in cryptocurrencies — and of those, nearly a third said they plan to increase their crypto allocations next year.
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