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Professional and wealthy investors still plan to boost crypto holdings even after sharp slide
The recent drop in crypto prices isn't denting enthusiasm from wealthy and professional investors to boost allocations. Bitcoin (BTCUSD) was trading around $105,000 on Wednesday, having reached over $126,000 last month, with other cryptos like Ethereum (ETHUSD) and XRP (XRPUSD) also sharply below their peaks. A survey conducted by Zurich-headquarter Sygnum, which bills itself as the world's first regulated digital asset bank, found that 61% of the more than 1,000 high-net-worth and professional investors it surveyed in 43 countries plan to increase their exposure to cryptocurrency. That crypto push might not come ... (full story)
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