A survey carried out by JPMorgan found that one in 5 institutional investors at firms that don't currently trade in cryptocurrency believe their companies are likely to practise and so in future.

The survey of more than than 3,400 investors representing 1,500 institutions, found that eleven% of respondents work at firms that trade or invest in crypto, while 89% do not.

Promisingly however, twice as many institutions announced likely to invest into crypto ashan those who have already taken the plunge, signalling institutional coin may proceed to flow into the markets over the near-term.

Out of respondents from firms that practice not merchandise or invest in crypto, 22% sa stated they believe their companies are likely to invest in digital currencies in the future.

While some analysts argue that sustained institutional buying will now keep the toll of Bitcoin upwards $fifty,000 — a significant number of institutional investors survestill lack faith in cryptocurrency.

Asked for their stance on crypto, fourteen% answered that it'due south "probably rat position squared" and something to avoid, while 21% believe crypto is just a temporary fad. Just vii% of investors think it "volition go one of the most important assets."

The poll plant that most institutions have security concerns, with 98% of respondents stating they believe fraud in the crypto earth is "somewhat" or "very much prevalent."

This appears to be major hurdle for institutional investors at the moment, with Damien Vanderwilt, co-president of Galaxy Digital, telling Bloomberg last month:

"When nosotros call back about the conversations we have with corporates and institutional clients and any role of those constituencies considering investing in the sector, the get-go guild problem is safe and are the assets that they're ownership going to exist rubber and available and secure,"

However, these concerns aren't worrying big players like Tesla and MicroStrategy, with both parties investing billions into crypto in 2021. MicroStrategy contempo increased its BTC holdings by 27% in February, upping the number of information technology Bitcoin held in its treasury reserve to 90,531 BTC.