22% of institutional investors believe that the company will buy cryptocurrency in the future From JPMorgan Chase

The following is the 22% of institutional investors believe that the company will buy cryptocurrency in the future From JPMorgan Chase recommended by And this article belongs to the classification: Blockchain.

According to foreign media reports, JPMorgan has conducted a survey and found that among the companies that have not yet traded cryptocurrency, one fifth of institutional investors believe that their companies may trade cryptocurrency in the future. According to a recent survey of more than 3400 investors in 1500 institutions conducted by JPMorgan, only 11% of the respondents have worked in companies trading or investing in cryptocurrency, while 89% have not.

Among those who did not trade or invest in cryptocurrency, 22% said they thought their company might invest in digital currency in the future.

Although a large amount of institutional capital investment in recent months has pushed the price of bitcoin to more than $50000, many institutional investors lack confidence in cryptocurrency. The survey found that most institutions are worried about the security of bitcoin, and 98% of the respondents said that they think fraud is “a bit” or even “very” common in the field of encryption.

When asked about cryptocurrency, 14% responded that “bitcoin may be a rat poison” and needed to be avoided, while 21% thought cryptocurrency was just a fad. Only 7% of investors believe it “will be one of the most important assets.”.

However, big companies do not seem to have such concerns. Recently, Tesla and MicroStrategy have invested billions of dollars in cryptocurrency this year. It’s really rich.

More reading from techweb: 21.2% of U.S. college students use financial aid to invest in cryptocurrency JPMorgan: the long-term price of bitcoin may rise to US $146000. In January 2018, the market value of bitcoin evaporated by US $44 billion. Ernst & Young: hackers can steal US $1.5 million from cryptocurrency every month Cryptocurrency mining attacks on IOS devices rise nearly 400% the block research: cryptocurrency trading volume in February 2021 exceeds US $1 trillion, a new record Cambridge innovation financial center: report shows more than 3 million people use cryptocurrency worldwide Cryptocurrency is on the verge of collapse Bernstein: it is expected that the revenue of cryptocurrency exchange will double in 2018

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