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JP Morgan: Record $78 billion Expected to Enter Crypto Market in 2024

JPMorgan Global Market Strategists said in a report that 2024 is a pivotal year for digital assets, helped by Trump's victory, with a record $78 billion expected to enter the crypto market. This capital inflow consists of several key components: $27 billion net inflows into crypto funds, $14 billion invested in CME futures, $14 billion raised by crypto venture capital funds, $22 billion in bitcoin purchased by MicroStrategy, and $1 billion in bitcoin purchased by bitcoin miners. In other words, MicroStrategy's bitcoin purchases alone accounted for 28% of last year's record inflows into the crypto market.