TechFlow news, on November 18, Matt Hougan, Chief Investment Officer of Bitwise, shared the latest survey data from the company. The data shows that regulatory concerns have ranked as the top reason for investors' reluctance to increase or initiate crypto asset allocations for three consecutive years, accounting for 64% in 2023.
The survey indicates other major concerns include market volatility (47%), difficulty in valuing crypto assets (42%), lack of easy investment tools such as ETFs (42%), and custody security issues (31%). Notably, the proportion viewing cryptocurrencies as a "scam" increased from 5% in 2021 to 14% in 2023.
Hougan stated that these data highlight the importance of the upcoming election for the crypto industry, with a wave of institutional capital expected to enter the market in the coming months.
