Would a Professional Trade Digital Assets? Depends who you ask

JPMorgan survey results are in: 78% of Institutional Traders have no plans to trade crypto or digital assets. I was intrigued by the title great and I believe in checking things for ourselves, so I conducted a little research to be able to make my own opinions about such a topic. Also, I had nothing else better to do on a rainy Sunday afternoon.
Surveys like the one conducted by JPMorgan on institutional traders likely involve several steps.
First, is sampling - needed to identify the target population, in this case, institutional traders.
So we can assume the research data was gathered by questioning traders working for investment banks, hedge funds, asset management firms, pension funds, and other institutional investors. In this specific case the survey was conducted between Jan. 8 and Jan. 22, with the participation of 4,010 institutional traders from over 65 countries.
So we are looking at data coming from professionals who do the work as their day job. Descriptions and details on their profile was to be found on the JPMorgan site.
The survey questions would be carefully designed to gather relevant information about institutional traders' attitudes, behaviors, and intentions regarding cryptocurrency trading.
Questions covered presumably, topics such as current exposure to cryptocurrencies, future trading plans and details about their demographics.
Regarding how the data collection was done, we can assume that it was most likely done online, depending on the preferences and accessibility of the respondents.
The most important step in my opinion is data analysis. How was this done? In the article we do not gain a sufficient if at all insight on how they looked at the received information. Is not that I doubt, but it would be preferable to give more insights and specifics or their research as such headlines might very well influence market sentiment.
How was the data processed?
What patterns were identified in the responses?
Was there a proper qualitative analysis to get a better understanding of the reasons behind certain attitudes or behaviors?
Such questions are to be looked into in any detailed survey analysis such as the one made recently.
The final results would then be presented with key insights, analysis of the results and possible implications for everyone.
All these steps are necessary to ensure the reliability and validity of the findings.
I would like to know more details about the conducted research, so I headed to the source and all information available there:
https://www.jpmorgan.com/markets/etrading-trends#footnote-1
The questions asked are:
Which potential developments will have the greatest impact on the markets in 2024?
What will be your greatest daily trading challenge in 2024?
In the next three years, which technologies will be most influential for trading?
What percentage of your trading will be through e‑Trading channels?
Which benefit of direct connectivity do you feel is the most valuable?
Apart from pricing and execution, which features are most valuable to you on a trading platform?
Which of these products do you think will have the most advances in electronic trading in the next 12 months?
Which option best describes your institutional work with crypto/digital coins?
The professionals asked to answer are quant traders, stocks, algorithmic trading, commodities and others. While their focus is not on the digital assets, it is valuable to have their insights for reasons like market expansion, market sentiment, institutional adoption and diverisification strategies.
So while is a truly good idea to monitor the plans and attitudes towards crypto trading I tend to also trust the human instinct. In most cases, a professional trader would never disclose their plans on what they are planning to explore next unless you are their client/firm or pay for their advice. So in other words, we should take everything with a grain of salt, keep on learning and always act with caution.