Late 2017, Dimon argued was on Bitcoin as “fraud” but again in Jnaury 2018, he turned his statement to a positive realism and admits that “blockchain is real”.
Additionally, during an interview with FOX Business’ Maria Bartiromo says he regrets making those statements.
This is a great news for us, big BANK acknowledging the significance of blockchain/cryto. What do you think about this news?
See full article here;
https://coinpedia.org/news/jp-morgan-publishes-detailed-71-page-bitcoin-guide/It's simply reassuring our beliefs from the begininng. Nothing new here.
Though, I think that it means institutional investors are still interested in investing in cryptocurrencies. There is even a possibility that a lot of them are accumulating at this stage when the prices of bitcoin and other cryptos are at a low for months.
Will this have any affect on bitcoin price though? I don't think so because if it had a large impact it would have already happened. Bitcoin is still floating at around $8k-9k and that news doesn't help it get past the $9k resistance.
Plus, Dimon lost most of his credibility when he called BTC a fraud anyways.
