Money Managers: The Asset Most Likely to Get a Major Correction Next Year is Cryptocurrencies

In many ways, 2021 will be the year cryptocurrencies are finally being embraced by institutional investors.

Now, these money managers say, the asset class is ripe for heavy selling next year. According to a survey conducted by Natixis Investment Management, digital assets are the assets most likely to experience a "major correction" in 2022, with nearly three-quarters of the institutions surveyed saying the investment is not suitable for most retail investors. At the same time, 28% of all institutions surveyed are currently investing in cryptocurrencies (nearly a third of them said they plan to increase their cryptocurrency allocations in the next year), 8% (including those who currently invest and do not invest in digital assets) It is planned to increase its configuration next year.