JPMorgan: Mainstream Crypto Assets Shift from Retail Investor Speculation to Institutional Dominance

ChainCatcher news, JPMorgan published an article stating that Crypto Assets are transitioning from a “venture capital-style ecosystem” to a macro asset class “supported by institutional Liquidity rather than driven by retail investor speculation.” In the early stages, crypto projects relied on private placement financing and lacked liquidity structures, with retail investors often entering the market after high valuations. Nowadays, retail investor participation has noticeably declined, and the market relies more on institutional investors to stabilize capital flows, reduce volatility, and anchor long-term prices. Currently, Crypto Assets still have investment value, but structurally, they are still inefficient, with uneven distribution of Liquidity, leading to huge price fluctuations. Price performance is more influenced by macroeconomic factors rather than traditional halving cycles. An analyst pointed out that in the long run, the price of Crypto Assets may reach $240,000, so it should be regarded as a field with many years of growth potential.