What do you think about JP Morgan Flip-Flopping To The Bullish Side?

[stopthefud-blog]

Bitcoin surges above $10,000 as JPMorgan openly praises Bitcoin.

JPMorgan and its CEO, Jamie Dimon, have always had a harsh stance on Bitcoin. Dimon famously even called Bitcoin a fraud. But in a surprising turn of events, JPMorgan has started to back Bitcoin and even advises its clients to purchase Bitcoin ETFs.

JPMorgan had conducted research on cryptocurrencies and published a report on it, titled: “Decrypting Cryptocurrencies: Technology, Applications and Challenges.”

Read more at: https://stopthefud.wordpress.com/2018/02/15/jpmorgan/

What do you feel about JP Morgan suddenly changing stances? Do you like them better now? Worse? Why?

[Clara.Wilfred]

I think they are playing it very safe. They don't want to throw the baby out with the bath water to steal a phrase. I think they understand there is an underlying value within the space that can make them allot of money. Playing the game right is very important though because this also has the potential to replace jp Morgan over time