A JPMorgan senior investment strategist has said that institutions are not interested in investing in cryptocurrencies. He argues that the interest in this asset class from institutions is “effectively nonexistent.”
The strategist attributes this lack of interest to the high volatility of cryptocurrencies and the lack of an intrinsic return that can be pointed to.
He also said that most institutions are relieved that they did not invest in cryptocurrencies during the bull market in 2020 and 2021, due to the subsequent price declines in 2022.
JPMorgan has a controversial relationship with the cryptocurrency industry, with some believing that it uses bull markets to promote cryptocurrencies and bear markets to predict negative developments.
Judith Faith has been writing about cryptocurrencies and blockchain technology for over five years. She is well versed in the industry and has an extensive network of industry contacts. She is also a frequent contributor to various cryptocurrency publications. With her vast knowledge and experience, she is able to provide insightful and valuable content to her readers. Judith is also an active investor in the cryptocurrency space and has a vested interest in the success of the industry.
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