Kind of funny jp Morgan is anywhere near doing this. All those years of jaime dimon squawking about how bitcoin is non sense and now here we are. Lol
Funny, but not surprising to me. These investment banks will change their tune on anything in a nanosecond if they can make a profit off it.
I don't know jack shit about this thing, but I'm actually kind of pleased that a big-name institution is getting involved in a crypto project, even if it's JP Morgan and even if it's ETH (I don't own any, unfortunately). This might affect the price if it hasn't already--I'll have to check after posting, as I don't follow what ETH is doing. JPM is a corrupt institution, but it can't be denied that they have massive Wall Street pull. That might be a good thing for the rest of us, as ironic as it sounds.
In the end I don't really believe anything good can come from JPM.
Maybe, maybe not. We won't know until something happens. JPM used to be one of the most reputable, trustworthy institutions on Wall Street (I'm talking decades ago), and it's pathetic what they've morphed into.
A rising tide raises all boats, that's the motto I always think of when I read stories like this, and that's why I think whatever this thing is that JPM is doing might be good for all crypto investors. We'll see.