Survey: Most institutions believe cryptocurrencies could experience a "major correction" next year!

Despite their highly volatile price, cryptocurrencies can deliver unimaginably high returns. So far this year, the Bloomberg Galaxy Crypto Index, the world's largest cryptocurrency index, is up about 200%.

In addition, about 40% of the institutions surveyed in this survey believe cryptocurrencies are a legitimate investment option, although central banks will eventually need to regulate them.

So far this year, Bitcoin is up a cumulative 70%, Ether is up 500%, Solana is up 10275%, Cardano is up 691%, Dogcoin is up 3000%, The Sandbox is up 14200%, and Filecoin is up 81%.

The survey, conducted by Natixis Investment Managers, involved 500 institutional investors in several countries, including four central banks, more than 20 sovereign wealth funds and more than 150 corporate pension funds.