Cryptocurrency is ‘rat poison’, institutional investors tell JPMorgan in survey

London: Only 10% of institutional investment firms surveyed by JPMorgan trade cryptocurrencies, with nearly half labelling the emerging asset class as “rat poison” or predicting it would be a temporary fad.

Bitcoin, the world’s largest cryptocurrency, has extended losses to up to 40% this week due to China’s deepening crackdown on mining and trading cryptocurrencies. The US Securities and Exchange Commission has said it would like to see more regulation around trading in the space.