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

According to Mars Finance, JPMorgan stated 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 sales for financing, lacking liquidity structures, with retail investors often getting on board after high valuations. Now, the participation of retail investors has significantly decreased, and the market relies more on institutional investors to stabilize fund flows, drop fluctuations, and anchor long-term prices. Currently, Crypto Assets still hold investment value, but structurally they remain inefficient, with uneven liquidity distribution leading to huge price fluctuations. Price performance is more influenced by the macro economy rather than traditional Halving cycles. An analyst pointed out that in the long term, the price of Crypto Assets could reach $240,000, thus viewing it as a field with years of growth potential.