According to CoinDesk, a survey by US banking giant JP Morgan found that 78% of institutional traders have no plans to trade cryptocurrencies in the next five years. In the survey, only 7% of participants believed that blockchain is an influential technology, down from 25% in 2022. 61% of participants expect that artificial intelligence and machine learning will shape the future of trading in the next three years. Traders believe that inflation, the US election and recession risks are the top three catalysts affecting the overall market this year.
JP Morgan conducted an annual survey of more than 4,000 institutional traders on electronic trading in 2024, covering future trends and hot topics in the trading field that traders around the world are concerned about. Participants' enthusiasm for blockchain technology seems to have decreased in 2024 compared with the previous two years. When asked which technologies will have the greatest impact on trading in the next three years, artificial intelligence and machine learning dominated the answers. 61% of participants predicted that artificial intelligence and machine learning will be the most influential technologies, up from 53% last year. It is worth noting that in 2022, blockchain was considered a more influential technology, accounting for 25% (the same as artificial intelligence), which fell to 12% last year and 7% in 2024.