A survey carried out by JPMorgan found that one in five institutional investors at firms that don’t currently trade in cryptocurrency believe their companies are likely to do so in future.
The survey of more than 3,400 investors representing 1,500 機関, found that 11% of respondents work at firms that trade or invest in crypto, 一方 89% do not.
Promisingly however, twice as many institutions appear likely to invest into crypto ashan those who have already taken the plunge, signalling institutional money may continue to flow into the markets over the near-term.
Out of respondents from firms that do not trade or invest in crypto, 22% sa stated they believe their companies are likely to invest in digital currencies in the future.
While some analysts argue that sustained institutional buying will now keep the price of Bitcoin up $50,000 — a significant number of institutional investors survestill lack faith in cryptocurrency.
Asked for their opinion on crypto, 14% answered that it’s “probably rat position squared” and something to avoid, 一方 21% believe crypto is just a temporary fad. ただ 7% of investors think it “will become one of the most important assets.”
The poll found that most institutions have security concerns, と 98% of respondents stating they believe fraud in the crypto world is “somewhat” または “very much prevalent.”
This appears to be major hurdle for institutional investors at the moment, with Damien Vanderwilt, ギャラクシーデジタルの共同社長, telling Bloomberg last month:
“When we think about the conversations we have with corporates and institutional clients and any part of those constituencies considering investing in the sector, 一次問題は安全性であり、彼らが購入する資産は安全で利用可能で安全になるでしょう,」
しかしながら, these concerns aren’t worrying big players like Tesla and MicroStrategy, with both parties investing billions into crypto in 2021. MicroStrategy recent increased its BTC holdings by 27% 2月中, upping the number of it Bitcoin held in its treasury reserve to 90,531 BTC.