New Investors Checking Out Crypto

According to new data from Fidelity Digital Assets shows that institutional investors are looking at cryptocurrency as a buying opportunity even as the value of digital assets has plummeted in the bear market. The data found that 58 percent of institutional investors bought crypto in the first half of the year, while 74 percent plan to invest in the future. Fidelity’s Director of Research Christ Kuiper commented that the bear market investors aren’t looking to trade on “sentiment or price action” but are looking at crypto in terms of its value proposition.