In a recent interview, Jared Cross, a Managing Director who is Head of Institutional Portfolio Strategy at J.P. Morgan, talked about degree of adoption of crypto by institutional investors.
“As an asset class, crypto is effectively non-existent for most large institutional investors. The volatility is too high, the lack of an intrinsic return that you can point to makes it very challenging... Most institutional investors probably are breathing a sigh of relief that they didn’t jump into that market and are probably not going to be doing so anytime soon.”
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