In a grand display of indifference, a JPMorgan survey reveals that the majority of institutional traders have no stomach for crypto trading this year. 
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View Urgent Forecast“The cold shoulder for digital coins,” laments the Wall Street behemoth’s January poll, as it watches the crypto dreams of institutional traders fade like a bad haircut. 
From a towering 78% last year, the percentage of crypto naysayers has only slightly dipped to 71%. A victory? Hardly. 
But lo! A glimmer of hope: 16% plan to dive into crypto, while 13% are already swimming in the digital sea. Both figures, like a phoenix, have risen from the ashes of 2024. 
Ironically, every single respondent wants to increase their online trading, as if to say, “Crypto, who? We’re here for the less liquid assets!” 
Despite the regulatory environment becoming more crypto-friendly, the institutional traders remain as interested as a cat in a math class. 
Eddie Wen, JPMorgan’s digital markets maestro, tells Bloomberg that the new administration is crypto’s cheerleader, but the traders are still playing hard to get. 
As for market concerns, inflation and tariffs are the big bad wolves, with market volatility being the monster under the bed, according to the surveyed traders. 
Gergana Thiel, JPMorgan’s macro sales wizard, is not shocked by the survey’s findings. After all, tariffs and inflation are the trendy scapegoats of the financial world. 
This grand survey, involving 4,200 clients from 60 countries, was as thorough as a detective on a coffee binge. Jan. 9 to 23, they scrutinized, they pondered. 
The US government’s crypto pivot is as evident as a kangaroo in a room full of rabbits, with the SEC reducing its crypto enforcement unit to a mere shadow. 
Trump’s executive order for a sovereign wealth fund, managed in part by crypto enthusiasts, suggests that even the highest seats of power are not immune to the digital charm. 
Senator Cynthia Lummis hints at the fund possibly snatching up Bitcoin, while the White House’s crypto czar dreams of stablecoins bringing the dollar’s reign online. 
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2025-02-06 09:03