JPMorgan: 72% of Institutional Traders Surveyed ‘Have No Plans to Trade Crypto’

A caller survey by JPMorgan Chase shows that 72% of organization traders “have nary plans to commercialized crypto” portion 14% program to commercialized cryptocurrencies wrong 5 years. Institutional traders besides expect “recession risk” to person the biggest interaction connected markets successful 2023.

JPMorgan’s Institutional Trader Survey

Global concern slope JPMorgan Chase published the results of its yearly “e-Trading Edit” survey connected Thursday. Conducted successful January, the survey provides “insight into predictions for the twelvemonth ahead,” the slope said, adding that 835 organization traders successful 60 planetary locations participated successful the survey.

The survey asked organization traders astir their plans to put successful cryptocurrencies. JPMorgan detailed:

72% of traders surveyed ‘have nary plans to commercialized crypto/digital coin,’ with 14% predicting they’re not presently trading but program to commercialized wrong 5 years. 8% are presently trading and 6% are not currently, but program connected wrong 1 year.

Furthermore, organization traders predicted that cryptocurrencies and integer coins volition “have the biggest increases successful physics trading volumes implicit the adjacent year.” In addition, “100% of responding traders predicted they volition summation physics trading activity,” JPMorgan noted.

Institutional Traders connected Recession and Inflation

The survey besides asked organization traders astir their economical outlook. “Traders foretell that ‘recession risk’ volition person the biggest interaction connected markets successful 2023, intimately followed by ‘inflation’ and ‘geopolitical conflict,'” JPMorgan explained, elaborating:

For traders that predicted ‘inflation’ to person an interaction connected markets, we asked them ‘What is your outlook for the interaction of ostentation erstwhile pricing it successful for 2023?,’ with 44% of traders predicting ostentation volition decrease.

Moreover, “58% of traders surveyed based successful the United States expect U.S. ostentation levels to level disconnected and 41% of traders surveyed based successful the United Kingdom foretell ostentation to decrease,” JPMorgan described.

While astir of the organization traders surveyed by JPMorgan bash not program to put successful crypto, respective different surveys amusement stronger organization involvement successful the plus class. A survey by plus absorption steadfast Devere Group recovered that 82% of millionaires person asked their fiscal advisors astir adding cryptocurrencies, including bitcoin, to their portfolios. A antithetic survey by Nickel Digital Asset Management recovered that organization investors expect “a strong twelvemonth ahead for bitcoin” and 65% hold that BTC could scope $100,000. Last month, planetary concern slope Goldman Sachs ranked bitcoin the best-performing plus this year.

What bash you deliberation astir this JPMorgan survey? Let america cognize successful the comments conception below.

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