In a recent survey conducted by JPMorgan, institutional investors expressed strong confidence in the role of artificial intelligence (AI) and machine learning (ML) in the future of trading. Of the 4,010 institutional traders surveyed across 65 countries, 61% identified AI and ML as the most impactful technologies for trading in the next three years. This marks a significant increase from two years ago when AI and ML accounted for only 25% in ranked importance. Conversely, interest in other technologies such as blockchain and mobile trading applications has declined since 2022, reflecting a shifting focus among institutional traders.
While AI and ML offer various benefits, including trade predictions and real-time threat identification, institutions surveyed by JPMorgan have become less inclined to venture into cryptocurrency trading. According to the survey, 78% of institutional traders have no intentions to trade cryptocurrencies like Bitcoin within the next five years, compared to 72% in 2023. However, the percentage of respondents already engaging in cryptocurrency trading or considering it has slightly risen from 8% to 9% in 2024.
JPMorgan’s stance on cryptocurrencies has been controversial, with CEO Jamie Dimon criticizing Bitcoin despite the company’s involvement in Bitcoin exchange-traded funds. Despite the skepticism towards cryptocurrency trading, institutional investors continue to place their confidence in AI and ML technologies to shape the future of trading.
