Bitcoin surges above $10,000 as JPMorgan openly praises Bitcoin.
JPMorgan is acknowledging that Bitcoin is here to stay and that regulation cannot make it disappear. It would still survive in “varying forms and shapes,” as said in the report.
The underlying technology for cryptocurrencies could have the greatest application in areas where current payments systems are slow, such as across borders, as payment, reward tokens or funding systems.
JPMorgan acknowledges the problems with our current payment systems and says Bitcoin could have a great use in these situations.
This report gives institutional investors trust in Bitcoin. Right now, a majority of Bitcoin investors are retail investors. Now that a major institutional bank has supported Bitcoin, expect a flood of bigger players into the market, perhaps even JPMorgan itself.
This also opens up a new era in crypto-currency. Banks are starting to realize they don’t have to be Bitcoin’s enemy, and they are starting to reevaluate their stance on Bitcoin.
JP Morgan is acknowledging that Bitcoin is here to stay and that regulation cannot make it disappear. It's a new era in crypto-currency.
Banks are starting to realize they don’t have to be Bitcoin’s enemy, and they are starting to reevaluate their stance on Bitcoin.
Read this Article For more Detail : :
https://stopthefud.wordpress.com/2018/02/15/jpmorgan/
Long term up for sure
Great news, if JPMorgan one of the biggest bank is acknowledging Bitcoin, sure other big companies will be interested also with bitcoin and other cryptocurrencies. this might be the right time to invest more into Bitcoin and other tokens
Who cares what JP Morgan says. BTC above 10k remains bullish as fuck
It's good to get positive news from top banks like JPM. A lot of the high up banking elite have been changing their tunes recently. Initially calling bitcoin a joke and a scam...now completely doing a 180 and jumping on board.
They're going to have to adapt or get out of the way...because it's coming. Once the masses see that we the people hold the power, and adapt to crypto, the sky is the limit. I for one will be enjoying watching the fee charging banks squirm.
Thanks for sharing, cheers.
Hi brother
Good to see JPMorgan continuing to support blockchain tech and publicly as well. I think there is a lot more investment in blockchain by the traditional financial industry than they let on. JPMorgan has had their own blockain in the works for a little while now.
https://www.jpmorgan.com/global/Quorum
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I see the JP Morgan thing as more of a compliment to the industry. They said crypto is creating solutions for things that didn't need to be solved. They're right it is. That isn't necessarily a bad thing though.