{"id":531289,"date":"2022-12-25T20:08:34","date_gmt":"2022-12-25T17:08:34","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/crypto-is-a-nonexistent-asset-for-big-institutional-investors-jpmorgan-exec\/"},"modified":"2022-12-25T20:08:34","modified_gmt":"2022-12-25T17:08:34","slug":"crypto-is-a-nonexistent-asset-for-big-institutional-investors-jpmorgan-exec","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/crypto-is-a-nonexistent-asset-for-big-institutional-investors-jpmorgan-exec\/","title":{"rendered":"# Crypto is a nonexistent asset for big institutional investors &#8211; JPMorgan exec"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3eaed9da0c3\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3eaed9da0c3\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-is-a-nonexistent-asset-for-big-institutional-investors-jpmorgan-exec\/#%E2%80%9D_Crypto_is_a_nonexistent_asset_for_big_institutional_investors_%E2%80%93_JPMorgan_exec_%E2%80%9C\" >&#8221; Crypto is a nonexistent asset for big institutional investors &#8211; JPMorgan exec  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Crypto_is_a_nonexistent_asset_for_big_institutional_investors_%E2%80%93_JPMorgan_exec_%E2%80%9C\"><\/span>&#8221; Crypto is a nonexistent asset for big institutional investors &#8211; JPMorgan exec  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTIvNDRhYTZiODQtMDM5MS00YzFkLTlhMWEtNGZhN2QzNjA4YWU5LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-71d2d00b>Big institutional investors are still largely staying away from the crypto market, as the asset class&#8217; volatility poses a challenge to money managers, Jared Gross, head of institutional portfolio strategy at JPMorgan Asset Management,\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/audio\/2022-12-22\/jpmorgan-s-obituary-for-globalization-podcast\">told<\/a>\u00a0Bloomberg.\u00a0<\/p>\n<p>\u201cAs an asset class, crypto is effectively nonexistent for most large institutional investors,\u201d Gross noted, explaining that \u201cthe volatility is too high, the lack of an intrinsic return that you can point to makes it very challenging.\u201d<\/p>\n<p>Gross believes that most institutional investors are currently &#8220;breathing a sigh of relief that they didn\u2019t jump into that market&#8221;, which is unlikely to h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>en anytime soon.<\/p>\n<p>The bear market also brought to an end the idea that Bitcoin (BTC) could be a form of digital gold or serve as an inflation hedge, Gross noted, stating that it is &#8220;self-evident&#8221; that it is not the case.<\/p>\n<p><strong><em>Related: FTX turmoil increases scrutiny of industry, something institutional investors have been waiting for<\/em><\/strong><\/p>\n<p>It has been a year of dramatic falls for the crypto market. As of this writing, Bitcoin has fallen from $47,700 in January to below $17,000 by December\u2019s end, while Ether (ETH) has fallen from $3,700 to $1,200 in the same period. The total crypto market capitalization plummeted from $2.2 trillion to nearly $810 billion, according to CoinMarketCap. <\/p>\n<p>Although cryptocurrency can still be left out of many institutional portfolios, large financial institutions are increasingly embracing it. In October, the oldest American bank, BNY Mellon, announced it would safeguard Ether and Bitcoin for select institutional clients. Additionally, France\u2019s Soci\u00e9t\u00e9 G\u00e9n\u00e9rale bank received regulatory approval as a digital assets service provider. <\/p>\n<p>Robin Vince, BNY Mellon CEO, noted that \u201cclient demand\u201d was the \u201ctipping point\u201d behind the launch of institutional-focused crypto services, Cointelegraph reported. <\/p>\n<p>According to a recent report by JPMorgan Chase, nearly 43 million Americans, or 13% of the population, have owned crypto assets at least once in their lives. The figure has risen dramatically since before 2020 when it was only around 3%.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"consulting_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/crypto-is-a-nonexistent-asset-for-big-institutional-investors-jpmorgan-exec\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Crypto is a nonexistent asset for big institutional investors &#8211; JPMorgan exec &#8220; Big institutional investors are still largely staying away from the crypto market, as the asset class&#8217; volatility poses a challenge to money managers, Jared Gross, head of institutional portfolio strategy at JPMorgan Asset Management,\u00a0told\u00a0Bloomberg.\u00a0 \u201cAs an asset class, crypto is effectively&#8230;<\/p>\n","protected":false},"author":1,"featured_media":531290,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2022-12\/44aa6b84-0391-4c1d-9a1a-4fa7d3608ae9.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74355,71939,117,70792],"class_list":["post-531289","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-adoption","tag-banks","tag-business","tag-jpmorgan-chase"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/531289","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=531289"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/531289\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/531290"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=531289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=531289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=531289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}