A staggering 72% of institutional traders say they have no plans to trade cryptocurrencies/digital coins in 2023, according to a new survey conducted by JP Morgan.
JP Morgan’s “e-Trading Edit,” 7th Edition, surveys 835 traders in “60 locations around the world” on the technical developments and macroeconomic factors that will affect trading performance in 2023. . The survey period is from January 3, 2023 to January 23, 2023.
The survey reveals the hesitation of traders when it comes to digital assets. Only 14% said they would continue trading in the digital asset market or would start trading this year.
The remaining 14% said they have no plans to invest this year, but may invest in the next five years.
Ninety-two percent of institutional traders surveyed by JP Morgan had no exposure to the digital asset market in their investment portfolios at the time of the survey.
Nearly half of respondents cite market volatility as the biggest challenge to their day-to-day performance, which appears to be a factor in avoiding digital assets.
The Fed’s tightening measures in 2022 are also likely to play a role, with 22% citing liquidity concerns as the most influential factor impeding trading performance. ing.
Another JP Morgan poll found that 30% of respondents cited recession risk as the macroeconomic factor to watch out for the most, while 26% thought inflation would have the most impact on trading results.
Note that trading usually refers to jumping into stocks and assets within weeks, days, or minutes for short-term gain, and investors have a long-term outlook. would need to
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