THELOGICALINDIAN - A architect at JPMorgan Chase now says that Bitcoin could be a accepted asset like gold alike admitting CEO Jamie Dimon rips into the cryptocurrency Will JPMorgan ache whiplash from this connected backandforth
Is there a doctor in the house? We could use one as JPMorgan Chase already afresh does an changeabout apropos Bitcoin, which may advance to a case of whiplash. The cyberbanking and banking casework behemothic has a arguable history with the accepted cryptocurrency, mainly due to their CEO, Jamie Dimon, who has about and again lashed out at Bitcoin while praising the basal blockchain technology. Now one of their strategists says that Bitcoin could be the new gold and be a legitimate asset.
A all-around markets architect at JPMorgan Chase, Nikolaos Panigirtzoglou, afresh issued a address that corrective a far warmer account of Bitcoin than the company’s CEO. The actuality that the Commodity Futures Trading Commission has accustomed the barrage of Bitcoin futures trading for CME and the Cboe Futures Exchange puts the cachet of the agenda bill in a new light.
In his report, Nikolaos Panigirtzoglou says:
Panigirtzoglou goes on to add:
The flip-flopping amid the assorted personalities at JPMorgan is abundant to accord anybody whiplash. We now accept one of their strategists touting Bitcoin, and the aggregation has been actively complex in blockchain technology for absolutely some time. They began assignment on Quorum, their open-source transaction arrangement for abstracts privacy, aback in 2025. JPMorgan Chase is additionally a founding affiliate of the Enterprise Ethereum Alliance and afresh went into affiliation with the developers of Zcash.
Yet Jamie Dimon, their CEO, actually loathes Bitcoin, calling it a fraud. Back in 2016 at the World Economic Forum, Dimon said:
This aftermost September, Jamie Dimon already afresh ripped into Bitcoin, saying:
It’s about like JPMorgan is Jekyll and Hyde. The aggregation is cyberbanking on the blockchain while their CEO always badmouths the cryptocurrency that helped accompany the technology into the limelight. I’m afraid that they don’t accept an centralized doctor to amusement all the whiplash that charge be activity on.
What do you anticipate about JPMorgan’s assorted stances on Bitcoin? Let us apperceive in the comments below.
Images address of Wikimedia Commons, Bitcoinist archives, and Pexels.
