banking giant JPMorgan The strategist underlined that crypto assets are still not in the majority of institutional investors.
Joining the What Goes Up podcast, Jared Gross explained that it is very difficult to fit crypto into institutional portfolios.
“Crypto as an asset class is effectively non-existent for most large institutional investors. The volatility is so high, there is no internal return you can point to which makes things difficult.”
gross, bitcoin He stated that despite the bulls aiming for some kind of digital gold, it is clear that this has not materialized.
“Most institutional investors are probably breathing a sigh of relief as they haven’t entered this market, and I don’t think they will anytime soon.”
Contrary to what Gross said, Mike McGlone, Bloomberg’s commodity strategist, predicts that institutions in the near future cryptocurrency He thinks it would be risky if he didn’t make at least some allocations to their markets.
“In my opinion, the future risk of institutions will be that they do not invest in this area. Not to mention the 20,000 highly speculative cryptos you can find on CoinMarketCap. I mean the top 10, the top 100, and an index that follows them. So definitely Bitcoin, Ethereum. Yes, they can go down, but it seems to me that an index that tracks them will continue to do what it does, and that sort of thing usually builds on that foundation.
The main thing to remember right now is that the Fed is still aggressive, all risk assets are falling. They were the fastest while the cryptos were rising or falling.”
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Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.