JPMorgan strategist records weakening institutional interest in bitcoin

Many institutional investors refrained from buying digital currencies during the 2020-2021 race.
Now they’re glad they didn’t give in to temptation and gave up in time to buy instruments whose value collapsed with other risky assets in 2022, said Jared Gross, a strategist at JPMorgan.
In his opinion, institutional capital has virtually stopped being interested in bitcoin and other virtual currencies.

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