- JPMorgan experts conducted a survey among 4,000 institutional investors.
- Only 7% of respondents believe in the potential of blockchain technology.
- In 2022, this figure was 25%, according to the researchers.
Institutional investors who believe in the potential of blockchain, became less. This is evidenced by the data of the survey of the American bank JPMorgan.
Experts conducted a market survey and interviewed about 4000 institutional traders from more than 65 countries. Only 7% of respondents expressed confidence in the potential of blockchain over the next three years.
By comparison, in 2022, 25% of investors considered blockchain a promising technology. In 2023, that figure dropped to 12%, according to the report.
Meanwhile, blockchain is still the third most important technology after artificial intelligence (61%) and API integration (13%):
27% of traders believe inflation will have the biggest impact on markets in 2024. Another 20% expect major changes on the back of the US election. Meanwhile, recession expectations have fallen to 18%, down from 30% in 2023.
The survey also showed that 78% of respondents do not plan to engage in cryptocurrency trading, while 9% are actively trading digital assets. Another 12% of participants are considering entering the cryptocurrency market in the next five years, JPMorgan noted.
Earlier, the bank’s experts noted a decline in interest in spot bitcoin-ETFs. They also concluded that the growing dominance of Tether could negatively affect the crypto market.
