Most Institutional Investors are not Involved in Bitcoin, According to JPMorgan Survey
By Harry - Crypto Consultant
Although investments from MassMutual, MicroStrategy, Tesla, and many others have graced the cryptocurrency industry, a recent survey by JPMorgan reported that most entities are unwilling to engage in virtual currencies in the coming years.
As per the study released by Business Insider on Wednesday, 78% of institutions have no involvement in the crypto markets. The survey gathered the answers of more than 34,000 investors from more than 1,500 institutions worldwide.
With 89% of respondents stating that their company do not invest in cryptocurrency, this means that only 11% said that they had major trades or Bitcoin investments and other cryptoassets. Of the 89% who do not have active crypto investments, 78% said that their companies were unlikely to invest or exchange in the future.
When asked about their personal position on buying crypto, only 21% saw it as a bubble. 58% of respondents agreed that digital assets are here to remain, while 14% believe that the market should be prevented. The remainding 7% believed that cryptocurrencies were a significant financial commodity.
Surprisingly, many investors have the same concerns as government leaders. 98% of investors agree that theft is a standard occurrence in the crypto industry despite the high return of investments that could be made.
If you are looking to buy and sell Bitcoin but looking for a good Bitcoin Broker, you can head over to BC Bitcoin and register an account with us today, the UK’s most trusted Bitcoin Broker.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards