Only 10% of Institutional Investment Firms surveyed by JPMorgan trade cryptocurrencies. At the same time, a third of respondents called digital assets “rat poison”, according to Reuters.
On June 22, at the Macro, Quantitative and Derivatives conference, the financial holding company surveyed about 3,000 investors from about 1,500 institutions. 80% of organizations from among those who have not invested in cryptocurrencies said they were not going to do so in the future.
When asked about personal investments in digital assets, 40% of respondents indicated that they interact with these tools.
80% of investors expect regulators to impose tighter control over the new asset class, and 95% of them believe that cryptocurrency fraud is “present to some degree or widespread.”
In 2018, the head of the investment holding Berkshire Hathaway, Warren Buffett, called bitcoin “rat poison squared.” A third of the survey participants agreed with this statement. Another 16% consider digital assets to be a “temporary hobby”.
Berkshire Hathaway previously invested $ 500 million in crypto-friendly Brazilian neobank Nubank.
In June 2021, 81% of fund managers surveyed by Bank of America described the bitcoin market as a bubble. In May, 75% of the respondents shared this opinion.
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