tl;dr
Despite the current positive sentiment across the space, 78% of institutional traders don’t plan to gain exposure to cryptocurrencies in the next five years, according to JPMorgan Chase’s e-Trading annual survey. This is in contrast to the 12% of traders who plan to trade them. Bitcoin, which s...
Despite the current positive sentiment across the space, 78% of institutional traders don’t plan to gain exposure to cryptocurrencies in the next five years, according to JPMorgan Chase’s e-Trading annual survey. This is in contrast to the 12% of traders who plan to trade them.
Bitcoin, which surged 165% in 2023, has faced volatility and a notable sell-off after the approval of spot bitcoin exchange traded funds. Institutional traders seem to be deterred by the volatility, despite traditional financial firms showing increased interest in the industry.
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Disclaimer: The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.