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According to data released by JP Morgan, a survey of 835 institutional investors in 60 locations around the world revealed that 72% had no plans to trade cryptocurrencies in 2023.
According to the survey, most traders were not interested in trading cryptocurrencies due to market volatility. 46% of traders said volatile markets will be his biggest daily trading challenge in 2023, while 22% said liquidity availability will be the most important issue. Others cited issues such as regulatory changes, data availability and price transparency.
Traders’ decisions may have been influenced by the record-breaking slump in the cryptocurrency market in 2022. Over the past year, Bitcoin (BTC) and other digital assets have traded at record lows, and the industry has seen the capitulation of multiple cryptocurrency companies.
According to the survey, 8% of traders are currently trading cryptocurrencies and 6% plan to do so within the next year. The remaining 14% revealed plans to start trading within the next five years.
On the other hand, despite traders’ reluctance towards cryptocurrencies, they predicted that this asset class would see the biggest growth in electronic trading volume over the next year.
A major financial institution asked these traders about their trading plans and the factors that could influence them in a survey conducted between January 3rd and January 23rd.
by pollof 53% believe artificial intelligence and machine learning will play the most important role in shaping the future of trading over the next three years. Meanwhile, 12% believe future transactions will be shaped by blockchain technology.
This is in stark contrast to the 2022 survey results, where blockchain technology and AI each received 25% of the total votes.
Over the past year, OpenAI’s advances in ChatGPT have significantly increased interest in AI technology.
On the macroeconomic factors that could affect trading, traders believe a recession poses the most significant risk to the market in 2023, followed by inflation and geopolitical conflict concerns. I’m here. In 2022, traders’ biggest concern was inflation.
Meanwhile, about half of traders expect inflation to fall, while 37% expect it to remain flat. He 19% of them believe inflation will continue to rise.
Inflation will rise to a 40-year high in 2022, forcing financial regulators around the world to continuously raise interest rates.
