Bitcoin

Big Business Will Come to Crypto

Last week in an article, Vision or Panic, I said,

3. We will begin to see some high-powered financial institutions and play makers adopt an “If you can’t beat them, join them” approach and figure out an entry into the crypto future before it leaves them behind.

Today, Jade Scipioni reports that Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co. has changed his tune after previously called Bitcoin a fraud:

“[Cryptocurrencies] are unlikely to disappear completely and could easily survive in varying forms and shapes among players who desire greater decentralization, peer-to-peer networks and anonymity, even as the latter is under threat,” 1

The Fox Business article also said:

According to the report, the “extremely rapid growth” and “falls” of various digital currencies over the last several months have forced not only JPMorgan Chase but all market participants to closely monitor and understand this new market.

They will all do it before it is over lest they be left out of the future.

NOTES

1 http://www.foxbusiness.com/features/2018/02/12/jpmorgan-s-bitcoin-bible-cryptocurrencies-are-here-to-stay.html

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