Cryptocurrency Market Cap Now Higher than JPMorgan Chase
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Cryptocurrency Market Cap Now Higher than JPMorgan Chase

THELOGICALINDIAN - The absolute bazaar cap for cryptocurrency went over 370 billon today before the bazaar cap of JPMorgan Chase Perhaps Jamie Dimon ability accept to eat some babble for Christmas

It may be time for Jamie Dimon, the CEO of JPMorgan Chase, to get accessible to alpha bistro some apprehensive pie. As anybody who’s absorbed in cryptocurrency knows, Dimon has absolutely abominable Bitcoin, demography every befalling he can to back-bite it. His connected annoyed about Bitcoin has fabricated him an article of badinage in the crypto world. Well, the bastard has assuredly angry as the absolute cryptocurrency bazaar cap is now college than that of JP Morgan Chase.

CNBC is reporting that, as of 6:50am London time, the absolute bazaar amount of all the assorted cryptocurrencies accomplished an best aerial of over $370 billion. The numbers are august to see, which you can appearance at Coinmarketcap. By comparison, the absolute bazaar cap for JPMorgan is $366.8 billion.

Back at an Institute of International Finance appointment aftermost October, Jamie Dimon had this to say about Bitcoin:

It’s alluring to see how Jamie Dimon is so at allowance with the accomplishments of the coffer he oversees, which aloof happens to be the better coffer in the United States. While Jamie Dimon badmouths Bitcoin, JPMorgan Chase has been accepting added complex in the cryptocurrency and blockchain world.

It was aloof bygone that one of JPMorgan’s capital strategists declared that Bitcoin was now a legitimate asset due to the Bitcoin futures exchanges that are actuality opened by Cboe and CME. The strategist, Nikolaos Panigirtzoglou, said the following:

Overall, it’s attractive to be a abundant anniversary division as assorted cryptocurrencies abide to rocket up in value. Bitcoin access through the $12,000 barrier, and IOTA has surged over 400% in aloof four days, acceptable the #4 cryptocurrency by bazaar cap. As for Jamie Dimon, I’m abiding he’ll abide to act as a Scrooge whenever Bitcoin is mentioned.

What do you anticipate about the bazaar cap for cryptocurrency before JPMorgan? Will Jamie Dimon eat his words about Bitcoin? Let us apperceive your thoughts in the comments below.

Images address of Bitcoinist archives, Flickr, and Twitter/CNBC.