72 % of the institutional dealers surveyed have no plans to act with crypto - featured
72 % of the institutional dealers surveyed have no plans to act with crypto - featured
A new survey by JPMorgan Chase shows that 72 % of institutional dealers "have no plans to act with crypto", while 14 % are planning to act with cryptocurrencies within five years. Institutional dealers also expect that the "risk of recession" will have the biggest effects on the markets in 2023.
Institutional dealer survey by JPMorgan
The global investment bank JPMorgan Chase published the results of its annual survey "E-Trading Edit" on Thursday. The survey carried out in January offers "insights into forecasts for the coming year," said the bank, adding that 835 institutional dealers took part in the survey at 60 locations.
The survey surveyed institutional dealers on their plans to invest in cryptocurrencies. JPmorgan in detail:
72 % of the retailers surveyed "have no plans to act crypto/digitally", whereby 14 % assume that they are currently not acting but are planning to act within 5 years. 8 % currently and 6 % do not currently act, but are planning within 1 year.
In addition, institutional dealers predicted that cryptocurrencies and digital coins "will record the greatest increase in electronic trade volume next year". In addition, "100 % of the responding dealers predicted that they would increase electronic trading activities," said JPMorgan.
institutional traders on recession and inflation
The survey also interviewed institutional dealers according to their economic prospects. "Dealers predict that the 'risk of recession' will have the biggest effects on the markets in 2023, closely followed by 'inflation' and 'geopolitical conflicts'," explained JPMorgan and explained:
retailers who predicted that the "inflation" will have an impact on the markets, we asked them: "How do you rate the effects of inflation when you praise it for 2023?"
In addition, 58 % of the retailers surveyed in the United States expect the US inflation levels and 41 % of the retailers surveyed in the United Kingdom predict a decline in inflation, "said JPMorgan.
While most of the institutional dealers surveyed by JPmorgan do not plan to invest in crypto, several other surveys show a stronger institutional interest in the asset class. This was the result of a survey by the VERVENEDITUNGENTRIANGE DEVERE Group have asked their financial consultants, their financial consultants, Whether you want to add cryptocurrencies, including Bitcoin, to your portfolios. Another survey by Nickel Digital Asset Management showed that institutional investors "A strong year ahead for Bitcoin "and 65 % vote to bitcoin could reach $ 100,000. Last month, global investment bank Goldman Sachs evaluates Bitcoin The most powerful system this year.
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