The past year was challenging for cryptocurrencies with the prolonged bear market and the collapse of firms but the investors have put their confidence in the assets.
As per a recent survey by a digital asset firm, around 60% of investors believe that Ethereum has a more compelling growth outlook. Contrary to the 60% of investors who are positive about Ethereum, only 30% of the respondents voted that Bitcoin had the most compelling outlook.
The survey included 43 investors who managed a total of $390 billion worth of assets. Among the participants, those who identified as wealth managers and family offices accounted for half of the group and about 25% respectively. Another 22% and 17% identified themselves as hedge fund and institutional investors respectively.
While comparing the figures from this year to that of 2022, it can be noted that a bulk of investors shifted to Ethereum from Bitcoin.
Below is a chart representing the interest of the investors. The blue columns on the chart represent the latest result while the red marks show the results from the survey conducted last year.
![](https://i0.wp.com/news.todayq.com/wp-content/uploads/2023/01/f3.jpg?resize=500%2C333&ssl=1)
In the survey conducted last year, only 40% of the respondents opined that Ethereum had more compelling growth potential while 40% chose Bitcoin. In a year, investors voting for Ethereum increased to 60% whereas the ones who voted for Bitcoin fell to 30%.
However, despite the percentage falling for Bitcoin, there has been an increase in the adoption rate of Bitcoin in the past year. Todayq News reported that addresses accumulating 0.1 Bitcoin (around $1000) increased to 4.20 million as of December 31 from the 3.40 million recorded on January 1 last year. Similarly, wallets holding 1 Ethereum (minimal value of $1000) rose from 1.41 million to 1.73 million over the same time.
Also, in the context of the survey, last year 24% of the participants owned Bitcoin whereas this year the number surged and around 30% owned the asset.
The latest figures also indicate that digital assets accounted for 1.1% of portfolios which marks a significant rise from the 0.7% recorded last year. Notably, hedge funds have significantly increased their investments in digital assets whereas institutional investors have reduced their digital assets to below 1%.