JPMorgan Chase has recently unveiled its newest edition of the e-Trading Edit Report, shedding light on institutional investors’ thoughts and insights regarding the developing technologies of cryptocurrency and artificial intelligence (AI). After surveying 835 traders from 60 distinct global markets in January, this report – now entering its seventh year – is designed to uncover forthcoming trends and emerging topics within various asset classes. Uncovering these trends is essential for understanding where the cryptocurrency industry may be headed next.
The Interest of Institutional Investors in Artificial Intelligence(AI) Investments Is Too Much
JPMorgan conducted a survey and discovered that 53% of institutional investors feel Artificial Intelligence (AI) and Machine Learning will be the most transformative technologies in trading over the next three years, up from 25% just one year ago. AI was mentioned four times more than Blockchain/Distributed Ledger Technology (DLT), which came in at 12%. API integration received 14%, while mobile trading apps dipped to 7%; this contrasts dramatically with last year’s 29%.
According to the e-Trading Edit report, although 72% of institutional investors stated that they currently have no plans to trade cryptocurrencies or digital currencies, 64% anticipate partaking in this industry by 2024. This implies a substantial shift in investing trends over the next few years.
JP Morgan Says Cryptocurrency Markets Can Face Many Challenges in 2023
As we approach 2023, traders are bracing for a tumultuous environment. The risk of recession and inflation has been identified as the main catalysts that could shake global markets, ranking at 30% and 26%, respectively. Geopolitical conflict follows close behind with 19%, signaling turbulent times ahead on an international scale.
JPMorgan recently released a series of reports discussing cryptocurrencies and digital assets, highlighting “significant challenges” for Bitcoin, Ethereum, and other tokens like Solana, which have gained impressive traction in DeFi’s & NFT segments.
Last month, JPMorgan reviewed and evaluated Coinbase’s outlook. The firm predicted that the newly proposed upgrade for Ethereum in Shanghai could prove to be a catalyst for staking opportunities. In its e-Trading Edit report, it was made clear just how essential artificial intelligence and machine learning will be in forming the course of electronic trading; traders also remain skeptical regarding cryptocurrencies yet still agree that digital transactions will continue to thrive despite any potential struggle ahead.
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