A report from JPMorgan’s Global Markets Strategy division discusses three bullish reasons for Bitcoin’s long-term potential.
JPMorgan Chase & Co. is one the largest financial holdings companies in the world. It was founded in 2000 by a conglomeration of several big financial organizations and now employs Jamie Dimon as its CEO. Not only is it the largest bank in the US, it is also the second most valuable bank by market capitalization in the world. The company is headquartered in Manhattan, New York and has representatives of JPMorgan Chase Bank in over 60 countries, offering the full range of financial services.
The company has also expressed interest in using blockchain and Bitcoin technologies. In 2017, the company joined Enterprise Ethereum Alliance, an association that was created by companies interested in testing Ethereum blockchain technology for various projects. In the beginning of 2018, the organization published the “Bitcoin Bible” for potential investors that explains the technology on which cryptocurrency is based, revealing both its strengths and its weaknesses.
Referring to Bitcoin as a commodity seems to show a maturing view of the asset.9179
He also said that nothing built on Ethereum is capable of scaling.11094
Anthony Pompliano states innovation inevitability in light of recent blockchain comments from new Goldman Sachs brass, Mathew McDermott.3502
Kadena preps its first ever listing on Bittrex Global, with initial trading pairs including Bitcoin and Tether.5123
Major legal threats in the case of a big leap in Bitcoin price will see banks scrambling for support, the advocate forecasts.20576
JPMorgan Chase recently came to terms on a lawsuit from 2018 involving added fees for crypto purchases using credit cards.4803
JPMorgan’s Quorum provides the infrastructure for many new financial projects thanks to unique features and a partnership with Microsoft Azure.12690
JPMorgan believes that central bank digital currencies may undermine the hegemony of the US dollar.6882
Despite JPM’s boss being tough on crypto, the bank takes on two regulated exchanges as clients in what some are calling a “game-changer.”13747
Catherine Coley, CEO of Binance.US, says that traditional finance now recognizes that crypto involves “real assets and real customers with real business models.”3675
A data-based approach to cryptocurrency investment shows promise, so why are investment advisors at top firms still pushing clients away?17351
Coinbase and Gemini reportedly had their accounts approved with JPMorgan Chase in April.24146
Top U.S. banks JPMorgan Chase and Goldman Sachs could be talking their clients out of crypto, according to a wealth manager.9208
JPMorgan chairman and CEO Jamie Dimon predicts a major recession on par with the Great Recession of 2008.11780