Crypto is a nonexistent asset for big institutional investors
क्रिप्टो क्रिप्टो बड़े संस्थागत निवेशकों के लिए एक गैर-मौजूद संपत्ति है 12 / 25 / 2022 बिटकॉइन एथेरियम समाचार 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, बोला था ब्लूमबर्ग। “As an asset class, crypto is effectively nonexistent for most large institutional investors,” Gross noted, explaining that “the volatility is too high, the lack of an intrinsic return that you can point to makes it very challenging.” Gross believes that most institutional investors are currently “breathing a sigh of relief that they didnt jump into that market”, which is unlikely to happen anytime soon. The bear market also brought to an end the idea that Bitcoin (बीटीसी) could be a form of digital gold or serve as an inflation hedge, Gross noted, stating that it is “self-evident” that it is not the case. It has been a year of dramatic falls for the crypto market. As of this writing, Bitcoin has fallen from $47,700 in January to below $17,000 by Decembers end, while Ether (ETH) has fallen from $3,700 to $1,200 in the same period. The total crypto market capitalization plummeted from