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Crypto for big institutions is ‘effectively nonexistent’

Summary by Ground News
JPMorgan's head of institutional portfolio strategy Jared Gross says crypto is too difficult to fit into institutional portfolios. Gross also says that despite Bitcoin bulls aiming for BTC to become a form of digital gold, it is self-evident that it hasn't happened. Bloomberg's chief commodity strategist Mike McGlone says in the near future, it will be risky for institutions to not have at least some allocation to the crypto markets.

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  • 100% of the sources lean Left
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AMBCrypto broke the news in on Monday, December 26, 2022.
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