Retail traders buying more Bitcoin than institutions: JPMorgan

Retailers are rushing to buy bitcoins from major tech companies, according to a study by strategists at major US investment bank JPMorgan Chase.

Data from JPMorgan shows that retail investors bought more than 187,000 bitcoins through PayPal and Square this quarter.

Small investors are even outsiders: Analysts at JPMorgan estimate that 173,000 BTC were purchased in the same period.

To support its findings, JP Morgan analyzed fund flows from retail platforms and institutional vehicles such as the Chicago Mercantile Exchange, as well as announcements of BTC purchases by large funds.

Ed Moya, senior market analyst at Oanda Corp, attributed retail activity to social media, the current NFT craze and incentive payments. He told Bloomberg:

As the supply of Reddit-fueled memes cools and new releases like digital art break records, retailers – some now armed with 1,400 incentive checks – are taking control.

He added that while the membrane stock market burned many traders, bitcoin remained massively bullish and was their bread and butter during the pandemic.

Brian Wendig, president of MJP Wealth Advisors, suggested that demand from individuals was driven by the fear of missing out (FOMO) following the recent deluge of institutional investment in bitcoin.

Data from crypto market aggregator Glassnode seems to confirm that retail investors are quite profitable. The 15th. In March, Glassnode noted an increase in net business growth in 2021, adding:

This is a strong indication that new retail investors are entering the field.

Related Tags:

bitcoin news today,how much are bitcoins worth,bitcoin,bitcoin stock price,Privacy settings,How Search works

Latest News

How to Invest in Amazon Coin

Amazon Coin is the cryptocurrency of, and it has already been released for use on the platform. This coin can be used to...

The Retail Adoption Wave is Coming

The retail industry is undergoing a massive transformation. Blockchain technology has the potential to revolutionize this sector, making it more secure and efficient than...

Is Smooth Love Potion (SLP) a Good Investment?

Smooth Love Potion is a cryptocurrency that has been around for a while now. It was originally created as a joke, but it caught...

Kraken Fees: Breakdown for Crypto Trading and Purchasing

Fees are a major issue for traders and consumers of cryptocurrency, even though the industry is still in its infancy. Kraken’s fees have been...

Related articles