According to TechFlow, Bitwise Chief Investment Officer Matt Hougan shared the company's latest survey data on November 18. The data showed that regulatory concerns have been the primary reason for investors' reluctance to increase their holdings or allocate crypto assets for the first time for three consecutive years, accounting for 64% in 2023.
The survey showed that other major concerns include market volatility (47%), difficulty in valuing crypto assets (42%), lack of easy-to-invest tools such as ETFs (42%), and custody security issues (31%). Notably, the proportion of people who consider cryptocurrencies a "scam" has risen from 5% in 2021 to 14% in 2023.
Hogan said the data highlights the importance of the election to the crypto industry, and a wave of institutional capital is expected to enter the market in the coming months.
