The "Bubble" Concern in the JP Morgan Survey

58 percent of those surveyed by JP Morgan are concerned that there could be a bubble in Bitcoin.

The "bubble" concern in the JP Morgan survey. In the survey prepared by the digital research unit of the world-renowned investment bank, digital currencies and green technologies were seen as the assets with the most bubble concerns. While 58 percent of the respondents stated that they were worried about cryptocurrencies, the second was electric cars and green technologies with 29 percent. It is said that 3,400 people from 1,500 different institutions participated in the survey prepared by JP Morgan. JP Morgan strategists had previously stated that if the price fluctuations do not decrease, it is not sustainable for the largest cryptocurrency to continue trading at current prices. Strategists pointed out that the market value of Bitcoin has increased by $ 700 billion in the last 5 months, but only $ 11 billion of this was from institutional investors. Strtegists also stated that limited supply and individual demand may still raise prices, said, "The increases since January have been more affected by speculative flows."