According to the findings, 39 percent of the respondents agreed that Bitcoin has the most compelling growth outlook.
According to the report, speculation which has been a key reason for digital asset investment has fallen since December 2021.
Ethereum (ETH), the second-largest crypto by market cap, had been the most preferred behind Bitcoin by institutional investors. However, a recent report by CoinShares, an asset fund manager based in the UK has disclosed that institutional investors have taken a step back on the digital asset as they increase allocation to DOT, ADA, and XRP at the expense of the second-largest cryptocurrency by market cap.
Related: Cardano’s ADA climbs above XRP after 30% surge, rise propelled by a spike in network activity
Though the digital assets have shown signs of a rebound, the likes of Bitcoin, Ethereum, and Cardano have all lost over 40 percent of their value since the beginning of the year. Bitcoin has been on a constant decline since last year, h
