-
Only
7%
of
the
survey
participants
see
blockchain
as
an
influential
technology,
falling
from
25%
in
2022. -
61%
of
the
participants
expect
AI
and
machine
learning
to
shape
the
future
of
trading
in
the
next
three
years. -
Traders
see
inflation,
the
U.S.
election,
and
recession
risk
as
the
top
three
catalysts
that
will
impact
the
broader
market
this
year.
Banking
giant
JPMorgan’s
survey
found
that
78%
of
institutional
traders
aren’t
planning
to
trade
cryptocurrencies
in
the
next
five
years,
and
just
a
small
group
sees
blockchain/distributed
ledger
technology
(DLT)
as
the
most
influential
technology
in
shaping
the
future
of
trading
over
the
next
three
years.
The
bank
interviewed
over
4,000
institutional
traders
for
its
2024
e-Trading
annual
survey,
which
covers
upcoming
trends
and
hot
topics
in
the
trading
sector
from
traders
around
the
world.
The
participants
seem
less
enthusiastic
about
blockchain
technology
in
2024
compared
to
the
previous
two
years.
When
asked
which
technologies
will
have
the
most
impact
on
trading
over
the
next
three
years,
artificial
intelligence
(AI)
and
machine
learning
have
dominated
the
answers.
61%
of
the
participants
predicted
that
AI
and
machine
learning
would
be
the
most
influential,
up
from
53%
last
year.
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AI
and
machine
learning
seen
as
most
influential
technology
in
shaping
the
future
of
trading
over
next
3
years.
(JPMorgan)
Interestingly,
blockchain
was
considered
a
more
influential
technology
in
2022,
with
25%
(same
as
AI),
declining
to
12%
last
year
and
falling
to
7%
in
2024.
The
declining
interest
from
traders
isn’t
a
surprise.
In
early
2022,
the
digital
currency
sector
was
cooling
off
from
2021’s
raging
bull
market,
eventually
leading
to
a
harsh
crypto
winter
after
numerous
bankruptcies
and
blowups
that
plagued
the
industry
and
prices.
However,
one
metric
that
saw
a
slight
positive
bump
is
the
number
of
active
institutional
traders
in
the
digital
currency
sector.
9%
of
the
participants
said
they
are
currently
trading
crypto,
up
from
8%
in
2023.
Meanwhile,
12%
of
the
traders
said
they
plan
to
trade
crypto
within
the
next
five
years.
This
might
be
because
the
entrance
of
large
financial
giants
this
year
has
led
to
a
gradual
recovery
for
the
sector.
January
saw
the
much-anticipated
approval
of
spot
bitcoin
exchange-traded
funds
(ETFs)
in
the
U.S.,
an
important
milestone
for
institutional
investors.
The
likes
of
BlackRock,
Fidelity
and
WisdomTree
all
gained
approval.
The
price
of
bitcoin
(BTC)
rose
nearly
95%
in
the
last
twelve
months,
according
to
TradingView
data.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/GHMGCHDRTZHYFKJOQSDC3QQOII.JPG)
Majority
of
the
traders
surveyed
said
they
don’t
have
any
plans
to
trade
crypto.
(JPMorgan)
Even
though
the
bank
has
been
active
in
the
digital
assets
sector,
JPMorgan’s
CEO
Jamie
Dimon
has
long
been
vocal
against
crypto.
In
January,
he
said
bitcoin
is
like
a
“pet
rock”
that
“does
nothing,”
and
his
personal
advice
is
not
to
get
involved.
In
terms
of
macro
events
that
are
expected
to
move
the
broader
market
this
year,
inflation
(27%
of
traders),
the
U.S.
election
(20%),
and
recession
risk
(18%)
were
the
top
three
catalysts
flagged
by
the
participants
of
the
survey.