Institutions are switching to altcoins
According to Sygnum, 57% of institutional investors plan to increase long-term investments in cryptocurrencies. At the same time, 63% of them are preparing to do so within the next three to six months.
The main choice of major players is Bitcoin. At the time of writing, at least 61 companies have invested in the leading cryptocurrency by market capitalization. As Dori notes, interest in BTC is related to its status — many consider the asset to be the most effective asset for preserving value.
Ethereum also attracts the attention of institutions. The blockchain platform dominates the smart contract space, but it still has a long way to go before being adopted by major players. According to Dori, in the near future, Solana (SOL) and XRP will be in demand.
