JPMorgan sees rising institutional inflows driving crypto market this year

JPMorgan has projected that an increase in institutional capital and greater regulatory clarity could bolster cryptocurrency prices, CoinDesk reported. In a report, JPMorgan strategist Nikolaos Panigirtzoglou stated that he expects crypto fund inflows to grow further this year, driven by institutional investors rather than retail traders or crypto-accumulating firms (DATs). He added that this shift could be accelerated by the potential passage of additional U.S. crypto legislation, particularly the market structure bill (CLARITY). Panigirtzoglou expressed a positive outlook for the crypto market this year.