Institutions Are Not Interested in Crypto, Says JPMorgan Senior Strategist
Institutional investors feel relieved they stayed away from crypto, said Jared Gross. Despite the massive bull market in 2020 and 2021, institutions have remained on the crypto sidelines and feel relieved about it. The most notable bull run in the cryptocurrency market started at the end of 2020 and lasted for about a year, seeing prices explode to new highs. Bitcoin, for one, went from under $10,000 to $69,000 within that timeframe, becoming a trillion-dollar asset at the time. However, JPM’s senior investment analyst – Jared Gross – believes this interest has either disappeared or has never been at the scene at all.
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