• News
    • Bitcoin
    • Altcoins
  • NFT
  • Metaverse
  • Analysis
  • Regulation
  • Learn
  • Market Cap
What's Hot

Coinbase receives Wells notice from SEC

2023-03-22

Woman Allegedly Involved in $4,000,000,000 ‘OneCoin’ Scheme Hit With Fraud Charges by the DOJ

2023-03-22

Coinbase Says US Banking Crisis Reinforcing Crypto Assets to the Upside, Catching Attention of Institutions

2023-03-22
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
Facebook TikTok Instagram YouTube
CryptoNewsMetaverse
  • News
    • Bitcoin
    • Altcoins
  • NFT

    U.S. IRS Considers Taxing NFTs Like Other Collectibles

    2023-03-21

    Meta Shuts Down NFT Project to Focus on FinTech and Content

    2023-03-14

    Solana’s Solend V2 Release, Is SOL Price $50 Next?

    2023-03-06

    Amazon NFT Marketplace To Reportedly Launch Next Month

    2023-03-06

    Blur Coin Under Fire As Allegations Of Wash Trading Emerge

    2023-03-01
  • Metaverse

    Exploring the Metaverse: A Guide to Investing in Metaverse Stocks

    2023-03-20

    A Guide to Virtual Land Staking in the Metaverse

    2023-03-20

    Nissan Doubles Down on Web3 Innovation

    2023-03-13

    As Fashion Moves into the Metaverse, What Other Industries Could Be Next

    2023-03-13

    South Korea Launches New ‘Metaverse Fund’

    2023-03-13
  • Analysis

    DOJ Officially Seizes Over $456,000,000 Worth of Robinhood Shares Tied to FTX Founder Sam Bankman-Fried

    2023-01-08

    Mark Cuban Makes Prediction on Next Crypto ‘Scandal,’ Warns of Potential Implosion if Exposed: Report

    2023-01-08

    Binance Listings Cause Crypto Assets To Spike an Average of 41%: New Research

    2023-01-08

    Bitcoin Whales Unloaded BTC As Market Reversed and Parked Their Profits in This Crypto Asset Class: Santiment

    2023-01-07

    Crypto Analyst Predicts Breakout for AI-Focused Altcoin, Updates Outlook on Ethereum and Lido DAO

    2023-01-07
  • Regulation

    Coinbase receives Wells notice from SEC

    2023-03-22

    Woman Allegedly Involved in $4,000,000,000 ‘OneCoin’ Scheme Hit With Fraud Charges by the DOJ

    2023-03-22

    Coinbase Says US Banking Crisis Reinforcing Crypto Assets to the Upside, Catching Attention of Institutions

    2023-03-22

    BitMEX Outlines Three Scenarios for Crypto This Year, Says Market Recovery a Likely Outcome

    2023-03-22

    OneCoin associate Irina Dilkinska charged following US extradition

    2023-03-21
  • Learn

    Chart Patterns Cheat Sheet For Technical Analysis

    2023-03-21

    Best NFT Wallets in 2023

    2023-03-21

    What are Dapps (Decentralized Applications) Crypto?

    2023-03-17

    How to Short Sell Bitcoin

    2023-03-17

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    2023-03-15
  • Market Cap
CryptoNewsMetaverse
Home»Analysis»JPMorgan Strategist Says Crypto Is ‘Non-Existent’ in Portfolios of Institutional Investors: Report
UN Urges Developing Countries To Restrict Adoption of Crypto, Citing Risks to Financial and Social Stability
Analysis

JPMorgan Strategist Says Crypto Is ‘Non-Existent’ in Portfolios of Institutional Investors: Report

2022-12-26No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

A strategist from banking giant JPMorgan reportedly says that crypto assets are still virtually non-existent to the majority of the institutional investment world.

In an episode of Bloomberg’s What Goes Up podcast, JPMorgan’s head of institutional portfolio strategy Jared Gross says that crypto is too difficult to fit into institutional portfolios.

“As an asset class, crypto is effectively non-existent for most large institutional investors. The volatility is too high, the lack of an intrinsic return that you can point to makes it very challenging.”

Gross also says that despite Bitcoin bulls aiming for BTC to become a form of digital gold, it is self-evident that it hasn’t happened.

“Most institutional investors probably are breathing a sigh of relief that they didn’t jump into that market and are probably not going to be doing so anytime soon.”

Contrary to what Gross says, Bloomberg’s chief commodity strategist Mike McGlone says in the near future, it will be risky for institutions to not have at least some allocation to the crypto markets.

“So to me, the risk is going forward that I think for most major institutions on a five-year basis at least, the risk is not being somewhat allocated to this space. And I don’t mean the 20,000 highly-speculative cryptos that you can find on CoinMarketCap. I mean the top 10, the top 100, an index that tracks those. So definitely Bitcoin, Ethereum. Yes, they could drop down, but to me an index that tracks those is just going to continue doing what it’s doing and these types of things often carve that foundation.

The key thing to remember right now is the Fed is still pounding hard, all risk assets are going down. Cryptos were the fastest one on the way up and the fastest one on the way down.”

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Warm_Tail



Source link

Crypto Institutional investors JPMorgan NonExistent portfolios report Strategist
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Coinbase Says US Banking Crisis Reinforcing Crypto Assets to the Upside, Catching Attention of Institutions

2023-03-22

BitMEX Outlines Three Scenarios for Crypto This Year, Says Market Recovery a Likely Outcome

2023-03-22

Belgium to introduce new crypto ad regulation

2023-03-21

Taiwan orders financial watchdog to take over crypto regulations

2023-03-20
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Is Crypto the Dark Horse Asset Class During Recession? Top Analyst Shows Bitcoin Chart No One’s Talking About

2022-04-26

Terra Team Officially Activates Terra 2.0 Pheonix-1 mainnet, Here Are the Details

2022-05-28

Senator Warren proposes reducing Wall Street’s involvement in crypto

2022-08-04

Subscribe to Updates

Get the latest news and Update from Cryptonewsmetaverse.com about Crypto, Metaverse and NFT.

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Facebook Instagram YouTube TikTok
Top Insights

Coinbase receives Wells notice from SEC

2023-03-22

Woman Allegedly Involved in $4,000,000,000 ‘OneCoin’ Scheme Hit With Fraud Charges by the DOJ

2023-03-22

Coinbase Says US Banking Crisis Reinforcing Crypto Assets to the Upside, Catching Attention of Institutions

2023-03-22
Get Informed

Subscribe to Updates

Get the latest news and Update from Cryptonewsmetaverse.com about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
© 2023 Cryptonewsmetaverse.com. Designed by ProdigitalX.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$27,557.00-2.63%
  • ethereumEthereum(ETH)$1,750.95-3.14%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.010.05%
  • binancecoinBNB(BNB)$323.04-4.15%
  • usd-coinUSD Coin(USDC)$1.010.26%
  • rippleXRP(XRP)$0.423117-8.80%
  • cardanoCardano(ADA)$0.359041-4.28%
  • dogecoinDogecoin(DOGE)$0.074438-3.02%
  • Lido Staked EtherLido Staked Ether(STETH)$1,745.84-3.32%