JPMorgan survey reveals 71% of institutions still avoid crypto in 2025

A recent JPMorgan survey reveals that 71% of institutional traders have no plans to trade cryptocurrencies in 2025, a slight decrease from 78% in 2024.

Despite this, the survey indicates a growing interest in online or e-trading activities, particularly for less liquid assets.

The survey, conducted between January 9 and 23, involved 4,200 JPMorgan clients across 60 global locations.

It showed that 16% of respondents plan to trade crypto this year, and 13% are already active in the space, both figures higher than in 2024.

Eddie Wen, JPMorgan’s global head of digital markets, suggested that recent regulatory changes have lowered the barriers for traditional banking entities to enter the crypto space.

"Recent headlines suggest that the new administration supports the market and recent changes have lowered the barriers for traditional banking community members to enter this space," Wen told Bloomberg.

According to the survey, inflation and tariffs are expected to have the most significant impact on markets in 2025, followed by geopolitical tensions.

Market volatility was identified as a primary trading challenge by 41% of respondents, up from 28% last year.

Gergana Thiel, global co-head of Macro Sales at JPMorgan, noted the anticipated focus on tariffs and inflation as central market risks.

"It does not surprise me that 51% of the participants thought that tariffs and inflation will be two of the central risks or two of the central spots for the market to focus on," said Thiel.

Recent actions by the U.S. government, such as the SEC scaling back its crypto enforcement unit and former President Trump signing an executive order to establish a sovereign wealth fund, signal potential support for the crypto industry.

Senator Cynthia Lummis has suggested that the fund might be used to purchase Bitcoin (CRYPTO:BTC).

White House “crypto czar” David Sacks announced plans to bring stablecoins onshore to enhance the dollar’s international and digital presence.