Despite the massive bull market in 2020 and 2021, institutions have remained on the crypto sidelines and feel relieved about it. This is what a JPMorgan senior investment strategist argued recently, indicating that the interest in the asset class from such investors is “effectively nonexistent.” The most notable bull run in the cryptocurrency market started at the end of 2020 and lasted for about a year, seeing prices explode to new highs. Bitcoin, for one, went from under ,000 to ,000 within that timeframe, becoming a trillion-dollar asset at the time. There were multiple reports during this cycle that large individual investors, as well as institutions, are getting on the bandwagon, including MassMutual, One River, and others. However, JPM’s senior investment
Topics:
Jordan Lyanchev considers the following as important: AA News, Institutions, jp morgan
This could be interesting, too:
Andrew Throuvalas writes BitcoinOS Posts “Game-Changing” Whitepaper To Get Rollups On Bitcoin
Wayne Jones writes This Was CZ’s Biggest Mistake, According to Binance Co-Founder He Yi
Andrew Throuvalas writes SEC Likely To Deny Ethereum Spot ETFs In May: Reuters
Mandy Williams writes Here’s a List of Bitcoin (BTC) Price Pullbacks Since the Bear Market Bottom
Despite the massive bull market in 2020 and 2021, institutions have remained on the crypto sidelines and feel relieved about it.
This is what a JPMorgan senior investment strategist argued recently, indicating that the interest in the asset class from such investors is “effectively nonexistent.”
- The most notable bull run in the cryptocurrency market started at the end of 2020 and lasted for about a year, seeing prices explode to new highs. Bitcoin, for one, went from under $10,000 to $69,000 within that timeframe, becoming a trillion-dollar asset at the time.
- There were multiple reports during this cycle that large individual investors, as well as institutions, are getting on the bandwagon, including MassMutual, One River, and others.
- However, JPM’s senior investment analyst – Jared Gross – believes this interest has either disappeared or has never been at the scene at all.
- He blamed it on the enhanced volatility and argued that most institutions are relieved that they missed out on last year’s rally because of everything that happened in 2022 and the massive price declines.
“As an asset class, crypto is effectively nonexistent for most large institutional investors. The volatility is too high, and the lack of an intrinsic return that you can point to makes it very challenging. Most institutional investors probably are breathing a sigh of relief that they didn’t jump into that market and are probably not going to be doing so anytime soon.” – he said during a podcast with Bloomberg.