JP Morgan Chase Makes Shocking Declaration, May Include Bitcoin In FutureNovember 22, 2017 4:55 pm
JPMorgan Chase is considering giving access to the Chicago Mercantile Exchange’s (CME) Bitcoin prospects exchanging through its future stage, Wall Street Diary reports.
CME’s declaration last week regarding expansion of Bitcoin future sent costs of the cryptocurrency to new unsurpassed highs over $8,300, Coindelite reported.
“J.P. Morgan is thinking about whether to give its customers access to CMEs new Bitcoin item through its future financier unit.” – Report in the Wall Street Diary
The statement is a complete about-face from JPMorgan Chase CEO Jamie Dimon, a stout critic of Bitcoin on Wall Street, the report said.
In the past, Dimon has called bitcoin a ‘fake’ and saying anyone who puts resources into Bitcoin is ‘Stupid.’
In addition, Dimon said he would fire anybody found putting resources into it – a guarantee which he presently can’t follow through on, Coindelite reported.
Regardless of whether Dimon gets in, Bitcoin fates will probably turn into a reality toward the beginning of December, effectively expanding the selection, the report said.
– WN.com, Jack Durschlag