One in 3 investors consider cryptocurrency "rat poison," according to the results of a JPMorgan survey published on Tuesday.
The bank said that one in three investors who responded to a survey deemed crypto "rat poison," while an additional 16% called it a "temporary fad." JPMorgan conducted the survey at its 24th Macro, Quantitative & Derivatives Conference on June 11.
"Investors' view on cryptocurrency's future is very divided, wrote Marko Kolanovic and Dubravko Lakos-Bujas, two of JPMorgan's top strategists.
"Four in five (81%) investors expect tighter regulations of crypto with almost all (95%) believing fraud is somewhat or very much prevalent in [the] crypto world," they added.