40% of Institutions Personally Invested in Bitcoin; Only 10% Trading Crypto in their Investment Firms

2021-6-24 17:13

Only 10% of institutional investment firms are trading cryptocurrencies, reported JPMorgan. Out of those firms who did not invest, 80% do not expect to start investing or trading in crypto.

Interestingly, when it comes to personal investments, 40% of investors said they were active in crypto assets.

These numbers are found in a survey conducted at JPMorgan's Macro, Quantitative and Derivatives conference attended by about 3,000 investors from around 1,500 institutions.

95% of investors surveyed believe fraud in the crypto market is “somewhat or very much prevalent,” and four-fifths of them expect regulators to get tougher on the asset class.

Nearly half of investors labeled the emerging asset class as “rat poison squared,” agreeing with billionaire investor Warren Buffett while another 16% thought it was a temporary fad.

The survey further found that they expected the US benchmark stock Index to trade between 4,200 to 4,600 points by the end of 2021. Currently, at 4,241.84, S&P 500 made a new all-time high on Tuesday at $4,254.68. They also expect a dial back in central bank stimulus and inflation as key market risks.

Bitcoin/USD BTCUSD 34,161.1388 $129.81 0.38% Volume 32.35 b Change $129.81 Open$34,161.1388 Circulating 18.74 m Market Cap 640.24 b baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[scripts.length - 1]; var cccTheme = {"Chart": {"fillColor": "rgba(248,155,35,0.2)", "borderColor": "#F89B23"}}; (function () { var appName = encodeURIComponent(window.location.hostname); if (appName == "") { appName = "local"; } var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl + 'serve/v1/coin/chart?fsym=BTC&tsym=USD'; s.src = theUrl + (theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); var single_widget_subscription = single_widget_subscription || []; single_widget_subscription.push("5~CCCAGG~BTC~USD"); The post 40% of Institutions Personally Invested in Bitcoin; Only 10% Trading Crypto in their Investment Firms first appeared on BitcoinExchangeGuide.

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