Institutional Traders Buck Crypto Trend: AI Reigns as Future of Trading, JPMorgan Survey Finds

A recent survey conducted by JPMorgan reveals that the majority of institutional traders, accounting for 78%, are not intending to trade cryptocurrencies within the next five years. This sentiment contrasts with the increasing prominence of artificial intelligence (AI) and machine learning in shaping the future of trading, as highlighted by 61% of the participants. Blockchain technology, once considered influential, has seen declining interest among traders, dropping to 7% in 2024 from 25% in 2022. The survey, encompassing over 4,000 institutional traders globally, indicates a shift in focus towards AI-driven advancements in trading, while traditional macroeconomic factors such as inflation, the U.S. election, and recession risk remain key concerns for market movement this year.