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Crypto is a nonexistent asset for big institutional investors

Big institutional investors are still largely staying away from the crypto market, as the asset class' volatility poses a challenge to money managers, Jared Gross, head of institutional portfolio strategy at JPMorgan Asset Management, told Bloomberg. “As an asset class, crypto is effectively nonexistent for most large institutional investors,” Gross noted, explaining that

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Crypto Is a Nonexistent Asset Class for Most Large Institutional Investors – Featured Bitcoin News

A strategist at global investment bank JPMorgan says crypto is effectively nonexistent as an asset class for most large institutional investors. “The volatility is too high, the lack of an intrinsic return that you can point to makes it very challenging,” he added. JPMorgan on Institutional Crypto Investing JPMorgan Asset Management’s head

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