Coinbase Survey: Nearly half of institutional investors believe we are currently in the late stage of a bull run.

Golden Finance reports that Coinbase conducted a survey of over 120 global investors from September 17 to October 3 to understand their views on the trends in the cryptocurrency market, industry allocation, and Risk Management. The Coinbase survey found that the majority of respondents are bullish on Bitcoin; among 124 respondents, 67% of institutional investors and 62% of non-institutional investors hold a positive outlook for Bitcoin's prospects in the next 3-6 months. Regarding the current stage of the market cycle, there is significant divergence in investor opinions, with nearly half (45%) of institutional investors believing that we are currently in the late stage of a bull run, while only slightly more than a quarter (27%) of non-institutional investors share this view. Both institutional investors (38%) and non-institutional investors (29%) regard the macro environment as the biggest potential risk facing the cryptocurrency market in the next 3-6 months.