• Temporarily Unavailable

Most Institutional Investors are not Involved in Bitcoin, According to JPMorgan Survey

By Harry - Crypto Consultant                                                                                     

Although investments from MassMutual, MicroStrategy, Tesla, and many others have graced the cryptocurrency industry, a recent survey by JPMorgan reported that most entities are unwilling to engage in virtual currencies in the coming years.

As per the study released by Business Insider on Wednesday, 78% of institutions have no involvement in the crypto markets. The survey gathered the answers of more than 34,000 investors from more than 1,500 institutions worldwide.

With 89% of respondents stating that their company do not invest in cryptocurrency, this means that only 11% said that they had major trades or Bitcoin investments and other cryptoassets. Of the 89% who do not have active crypto investments, 78% said that their companies were unlikely to invest or exchange in the future.

When asked about their personal position on buying crypto, only 21% saw it as a bubble. 58% of respondents agreed that digital assets are here to remain, while 14% believe that the market should be prevented. The remainding 7% believed that cryptocurrencies were a significant financial commodity.

Surprisingly, many investors have the same concerns as government leaders. 98% of investors agree that theft is a standard occurrence in the crypto industry despite the high return of investments that could be made.

If you are looking to buy and sell Bitcoin but looking for a good Bitcoin Broker, you can head over to BC Bitcoin and register an account with us today, the UK’s most trusted Bitcoin Broker.

We use cookies to better provide our services. By using our services, you agree toour use of cookies.