Despite the hype around the cryptocurrency market, only 10% of professional investment companies trade virtual currencies.
Not long ago, JPMorgan conducted a survey to find out the attitude of investment companies to trading digital assets. As it turned out, only about 10% of investment companies are interested in trading crypto. Almost half of the respondents shared a similar opinion with crypto disbeliever Warren Buffett, calling crypto a "rat poison".
Many investors are confident that the tightening of the legislation regulating the cryptocurrency market will continue. The vast majority of the participants (95%) consider the crypto market a haven for scammers. Notably, 80% of the surveyed are not going to trade tokens. About 40% of investors admitted that they invested some funds in cryptocurrencies.
"The younger investors jumped on it early when it was not as well known. They were more intellectually engaged with the idea even though it was new. Older investors and the boomers were largely saying ‘Is this legit?’ Older generations are further behind on the understanding," the president of Spectrum Group, George Walper, said.
