The last year was hard for cryptocurrencies because of the long bear market and the failure of some companies, but investors still believe in the assets. A recent survey by a company that deals with digital assets found that about 60% of investors think that Ethereum has a better growth outlook. 60% of investors are optimistic about Ethereum, but only 30% of those polled thought Bitcoin had the most interesting future.
The 43 investors who participated in the survey were in charge of assets worth a total of $390 billion. People who said they worked for wealth managers or family offices made up about half of the group and about a quarter of the group, respectively. Another 22% and 17% said they were either hedge fund investors or institutional investors.
If you compare the numbers from this year to those from 2022, you can see that most investors moved from Bitcoin to Ethereum. In a survey done last year, only 40% of people thought that Ethereum had a better chance of growing, while 40% believed that Bitcoin had a better opportunity. In a year, the number of investors who chose Ethereum rose to 60%, while the number who decided on Bitcoin fell to 30%.
But the number of people using Bitcoin has grown over the past year, even though the percentage has gone down. The number of addresses with 0.1 Bitcoin (around $1,000) rose from 3.40 million on January 1 of last year to 4.20 million on December 31. In the same period, the number of wallets with 1 Ethereum worth at least $1,000 went from 1.41 million to 1.73 million.
Also, in the context of the survey, 24% of the people who took part last year owned Bitcoin, but that number jumped to around 30% this year. The most recent numbers also show that digital assets made up 1.1% of portfolios, which is a big jump from last year’s number of 0.7%. Notably, hedge funds have put a lot more money into digital assets, while institutional investors have cut their investments in digital assets to less than 1%.