JP Morgan: 72% of institutional traders surveyed ‘have no plans to trade crypto’
Global investment bank JPMorgan Chase on Thursday published the results of its annual “E-Trading Edit” survey, conducted in January, of course, made predictions for the year ahead, and the bank says that 835 merchants in 60 global locations participated in the survey. Sure enough, the survey asked traders about their plans to invest in cryptocurrencies, what they think and what they plan to do, and the Global Investment Bank investor elaborated on the answer. 72% of traders surveyed definitely have no interest in cryptocurrency or digital trading, while 14% predict that they are not currently trading and will start trading within 5 days Making plans to do so. While 8% are currently doing business and 6% are not currently doing business but are planning to do business within 1 year. On the contrary, the traders have also predicted that crypto currency and digital coins will definitely see a significant growth in the next year and its trading volume will increase and in addition the responding traders also said that electronic trading is going to be the 100th century. Will increase percent activity. On Recession and Inflation traders also talked about the economic outlook when asked about it and in response to this question traders said that “the risk of recession is going to be the biggest on the markets in 2023” and it is “definitely Will fall on” and will be followed by “inflation” and “political struggle”. For those traders who predicted that inflation will definitely affect the market, they were asked what is your view on the impact of inflation while setting the price for 2023 and what is your outlook on it? So in response to this, 44% traders had announced a reduction in inflation. Additionally, 58 percent of merchants surveyed in the United States expect US inflation levels to decrease, and 41 percent of merchants based in the United Kingdom predict a decrease in inflation. that was reported by the investor.
While the majority of traders surveyed by JP Morgan do not yet plan to invest in crypto, many others show a much stronger interest in this regard. Asset management firm Devere Group finds during a survey that 82 percent of millionaires recommend bitcoin and other cryptocurrencies to their financial advisors. Ask about including it in your portfolio. A survey by Nickel Digital Asset Management found that institutional investors expect “a strong year for bitcoin” and 65 percent agree that bitcoin could reach $100,000. It was said to have bagged the title of the best performing asset in Bitcoin this year. Of course, people’s opinions seem to diverge when it comes to trading the bitcoin cryptocurrency.