Retail investors are buying more bitcoin than institutional, says JPMorgan

Charlie Taylor

According to investment bank JPMorgan Chase, small retail investors bought more bitcoin than institutional investors in 2022. From analysis on retail exchanges, smaller investors bought almost 190,000 bitcoin in the first quarter of this year, Bitcoin it started to rise in October 2020, and its growth was driven mainly by institutions and large corporations. In these several months, the price of bitcoin has increased about six times after massive purchases from companies like MicroStrategy, Tesla, MassMutual and others. Currently, it is estimated that about 6.5% of Bitcoin's money supply is in the possession of the institutional market. , according to the Bitcoin Treasuries website. This impressive increase was almost certain to end up attracting the attention of the average investor. A report compiled by JPM analysts confirmed that retailers did begin to accumulate larger portions of BTC in the first quarter of 2022.

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The strategists, led by Nikolaos Panigirtzoglou, concluded that retail investors have used Square and PayPal to buy 187,000 bitcoins so far this quarter. In comparison, institutions bought 173,000 coins, while the number was over 300,000 in the fourth quarter of 2020. They compiled these values ​​by exploring BTC futures, fund flows and company announcements.

New emergency stimulus

The coverage also addressed the possibility for US citizens to buy more bitcoins with the latest stimulus checks sent by the government.

For many retail cryptocurrency traders, bitcoin was the most common deal in the pandemic. (…) Bitcoin maintained an incredibly high trend that made most investors winning. Retail merchants have been reinvigorated by the latest news from NFTs and as stimulus checks hit their bank accounts. – commented Ed Moya, senior market analyst at Oanda Corp.

Read more: Bank estimates Bitcoin will absorb $ 24 billion of US emergency aid.

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