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Institutional Traders Shifting Attention from Blockchain to AI: JP Morgan

Feb. 06, 2023.
1 min. read Interactions

Institutional Traders Shifting Attention from Blockchain to AI: JP Morgan

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Lewis Farrell

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Highly curious about things that increase my awareness, expand my perception, and make me open to being a better person.

According to JP Morgan’s recent e-Trading Edit report, more than half of institutional traders polled believe that artificial intelligence and machine learning will have the greatest impact on trading’s future over the next three years, while only 12% believe blockchain technology will have the same impact. Despite this, 72% of traders do not intend to trade cryptocurrency or digital coins. According to the report, traders expect electronic trading to grow further and predict that 64% of their activity will be in the crypto space by 2024. However, they anticipate future challenges, with the most significant potential developments affecting markets being recession risk, inflation, and geopolitical conflict. In recent months, JP Morgan has published a number of reports and studies on cryptocurrency and digital assets.

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