“One of the highest levels of crypto optimism ever”

BestChange
1 min readOct 9, 2024

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Good news for the entire crypto community was reported by Crypto Insights Group. The company released a report on the sentiment of investment fund managers. It turns out that they “demonstrate one of the highest levels of crypto optimism” this year.

The number of funds that have invested in digital assets exceeds 1,600, the report says. 55% of managers who own cryptocurrencies are not worried about the outcome of the US presidential election next month. However, 45% of them are closely monitoring the situation before adjusting their own investment strategy.

The analysts said that manager confidence is now at one of the highest levels of the year, despite political risks and conflicting macroeconomic signals.

The recent US jobs report changed the market participants’ point of view. Experts estimate the probability of the Fed cutting the rate by 25 basis points next month at 95%.

According to analysts, information on the state of the labor market indicates the stability of the US economy. They also allowed for the growth of high-risk assets, including digital currencies, in the medium term.

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