JPMorgan Survey: 78% of Institutional Investors Don't Plan to Invest in Crypto

While most wouldn't invest yet, 58% of respondents believe that crypto is "here to stay."

AccessTimeIconMar 4, 2021 at 12:47 p.m. UTC
Updated Sep 14, 2021 at 12:21 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

A large majority of institutional investors don't plan to invest in or trade cryptocurrency, according to research by JPMorgan.

  • Of the 3,400 investors surveyed, 78% said it was unlikely their firm will invest in or offer trading services for crypto, Business Insider reported Wednesday.
  • However, 58% of respondents believe that crypto is "here to stay," compared to 21% calling it a "temporary fad."
  • The respondents represented 1,500 different institutions, with 89% saying saying their firm does not currently invest in or trade crypto.
  • Several banking giants have shown growing interest to offering crypto services to clients in recent weeks, with Goldman Sachs announcing Monday the relaunch of its trading desk after a three-year hiatus.
  • Another survey released Wednesday by Blind found that 57% of 1,800 tech professionals surveyed currently own some crypto.
  • Respondents included employees of JPMorgan along with tech giants like Amazon and Twitter.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.