THELOGICALINDIAN - After the CEO of JP Morgan Chase agonizingly criticized the acclaimed cryptocurrency letters accept emerged that the accounts association is planning to acquiesce its audience to barter Bitcoin futures
A few weeks ago, the CEO of banking casework behemothic JPMorgan, Jamie Dimon, criticized the accepted cryptocurrency Bitcoin by calling it a ‘fraud’ and ‘tulip bulbs’. Dimon additionally claimed that Bitcoin attracts abyss like biologic dealers and money launderers. Many bodies in the cryptocurrency and Bitcoin association were affronted by his comments that targeted the agenda bill and its users.
Dimon’s comments didn’t alone affront bodies in the Bitcoin community, but they additionally afflicted the amount of Bitcoin, causing a bottomward about-face that lasted for several weeks. Interestingly, while Dimon may not see the amount and angary in Bitcoin, he is a big fan of the blockchain technology that admiral Bitcoin and added cryptocurrencies. Since Dimon’s comments, Bitcoin has managed to ascend to a new best aerial amount of $8350 and a absolute bazaar cap appraisal of over $139 billion. The astronomic short-time amount access indicates that abrogating criticism and comments accept no abiding aftereffect on the amount of the agenda currency.
Although the CEO of JPMorgan has taken a agnostic attitude adjoin the decentralized cryptocurrency, account has emerged that JPMorgan may plan to action its audience the advantage to barter Bitcoin futures on their platform. A actual contempo CNBC commodity has appear that the banking behemothic is because acceptance its audience to barter Bitcoin futures. Citing a antecedent abutting to the situation, the address states:
The accommodation by JPMorgan has afraid a lot of accounts and cryptocurrency experts due to the accepted assessment of its CEO apropos cryptocurrencies. Many analysts accept that the contempo Bitcoin amount access may drive alike added investments into the agenda currency. The commodity suggests that JPMorgan has been accepting an accretion cardinal of requests from their audience apropos Bitcoin. Because the appeal for Bitcoin is steadily rising, JPMorgan ability additionally appetite to get into the Bitcoin game.
What are your thoughts on JPMorgan’s decision? Do you anticipate that their audience will advance in the Bitcoin futures option? Let us apperceive in the comments below!
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