As per the 2019 Cayman Alternative Investment Summit (CAIS) survey, investors are convinced crypto represents a bubble, as a possible asset class. The effects of the survey were provided in the press release revealed to Cointelegraph, a crypto media outlet on Feb. 25.
To prepare the survey, researchers allegedly examined roughly around hundreds of alternative investors and managers, who participated within the Cayman Alternative Investment Summit’s 6th annual conference from Feb. 6 to Feb. 9, 2019.
Interestingly, the learning showed that forty-five percent of one’s surveyed investors consider digital currency the asset class that presently most represents a bubble. Twenty percent, nineteen percent and sixteen percent of respondents said they think that U . s . equities, the leveraged loan market, and credit characterize a bubble, respectively.
Furthermore, when asked about the technological shifts most probable to help the market, forty-five percent of respondents named machine learning and automation. On the flip side, around thirty-eight percent supposedly presume that blockchain will surely have the largest impact worldwide.
Matt Hougan, Global Head of Research at Bitwise Asset Management and president at ETF.com, mentioned, earlier in February, that there is a lot of what he defines as bubble-related bad activity inside the cryptocurrency and digital asset sector which may be presently “getting cleared up.” Concurrently, Hougan pointed out that he’s way more bullish on crypto and virtual assets than the blockchain.
A former Goldman Sachs partner and founding father of cryptocurrency merchant bank Galaxy Digital, Mike Novogratz mentioned, on an interview with Bloomberg TV, how the crypto domain will likely not bubble back, citing $8,000 in the form of reasonable medium-term cost for Bitcoin.