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A new survey by JPMorgan Chase shows that 72% of institutional traders \u201chave no plans to trade crypto\u201d while 14% plan to trade cryptocurrencies within five years. Institutional traders also expect \u201crecession risk\u201d to have the biggest impact on markets in 2023.<\/strong>\n<\/p>\n \n The survey asked institutional traders about their plans to invest in cryptocurrencies. JPMorgan detailed:\n<\/p>\n 72% of traders surveyed \u2018have no plans to trade crypto\/digital coin,\u2019 with 14% predicting they\u2019re not currently trading but plan to trade within 5 years. 8% are currently trading and 6% are not currently, but plan on within 1 year.<\/p>\n<\/blockquote>\n \n \n For traders that predicted \u2018inflation\u2019 to have an impact on markets, we asked them \u2018What is your outlook for the impact of inflation when pricing it in for 2023?,\u2019 with 44% of traders predicting inflation will decrease.<\/p>\n<\/blockquote>\n \nMoreover, \u201c58% of traders surveyed based in the United States expect U.S. inflation levels to level off and 41% of traders surveyed based in the United Kingdom predict inflation to decrease,\u201d JPMorgan described.<\/p>\n While most of the institutional traders surveyed by JPMorgan do not plan to invest in crypto, several other surveys show stronger institutional interest in the asset class. A survey by asset management firm Devere Group found that 82% of millionaires<\/a> have asked their financial advisors about adding cryptocurrencies, including bitcoin, to their portfolios. A different survey by Nickel Digital Asset Management found that institutional investors expect \u201ca strong year ahead<\/a> for bitcoin\u201d and 65% agree that BTC<\/a> could reach $100,000. Last month, global investment bank Goldman Sachs ranked bitcoin<\/a> the best-performing asset this year.<\/p>\nJPMorgan\u2019s Institutional Trader Survey<\/h2>\n
\nGlobal investment bank JPMorgan Chase published the results of its annual \u201ce-Trading Edit\u201d survey on Thursday. Conducted in January, the survey provides \u201cinsight into predictions for the year ahead,\u201d the bank said, adding that 835 institutional traders in 60 global locations participated in the survey.<\/p>\n\n
\nFurthermore, institutional traders predicted that cryptocurrencies and digital coins will \u201chave the biggest increases in electronic trading volumes over the next year.\u201d In addition, \u201c100% of responding traders predicted they will increase electronic trading activity,\u201d JPMorgan noted.\n<\/p>\nInstitutional Traders on Recession and Inflation<\/h2>\n
\nThe survey also asked institutional traders about their economic outlook. \u201cTraders predict that \u2018recession risk\u2019 will have the biggest impact on markets in 2023, closely followed by \u2018inflation\u2019 and \u2018geopolitical conflict,’\u201d JPMorgan explained, elaborating:\n<\/p>\n\n