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JPMorgan Research: Institutional Investors Are Losing Confidence in Blockchain Technology
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JPMorgan Research: Institutional Investors Are Losing Confidence in Blockchain Technology

Feb 12, 2024

In a recent survey conducted by the American bank JPMorgan, it was found that trust in blockchain among major companies is significantly decreasing. In 2022, 25% of surveyed investors believed in the potential of this technology, whereas in 2024, that number dropped to just 7%. The survey covered 4,010 institutional traders from 65 countries, the majority of whom (61%) now believe that artificial intelligence (AI) and machine learning will have the greatest impact on trading and investments in the next three years.

Interest in blockchain and distributed ledger technology (DLT) among major companies has significantly decreased, while attention to quantum computing, especially in the commodities trading sphere, is growing. Nevertheless, blockchain still holds the third spot in terms of prospects after API and artificial intelligence.

According to the survey, 78% of respondents are not interested in cryptocurrency trading, while 9% are already involved in it. Another 12% are considering entering the cryptocurrency market within the next five years. JPMorgan analysts also noted a decrease in interest in bitcoin spot exchange-traded funds (ETFs), speculating that this may be related to the declining popularity of the American cryptocurrency exchange Coinbase.

This survey highlights a shift in focus among institutional investors from blockchain to new technologies such as AI and quantum computing, underscoring changes in preferences and expectations for investments in the future.

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