I don't think anything changed really. I think Dimon talked negatively about Bitcoin while secretly working on a project that incorporates Bitcoin. I'm pretty sure all banks see the potential in blockchain. They are just waiting on the "right" time to publicly be involved. They have incredibly smart financial analysts, so they would be stupid to not be involved in the crypto world in some way. They are either waiting for the right time or they will make the right time.
Extremely interesting in what the speaker was saying about the banks are only interested in the blockchain so they can manipulate it to serve themselves , but bitcoin will not allow them. Look at it from another angle. Blockchain is decentralise but exchanges are not.
All major banks around the globe have been working on blockchain related stuff for at least a year. It is nothing new that they put effort in, the only odd thing with JPM is its CEO who publicly talked bs on crypto.
I agree, it would be naive to assume a company such as JPMorgan would contradict themselves in such a way without having a strategic angle they were planning to make a move from. Good collection of news that sheds light on these interesting times.
I don't think anything changed really. I think Dimon talked negatively about Bitcoin while secretly working on a project that incorporates Bitcoin. I'm pretty sure all banks see the potential in blockchain. They are just waiting on the "right" time to publicly be involved. They have incredibly smart financial analysts, so they would be stupid to not be involved in the crypto world in some way. They are either waiting for the right time or they will make the right time.
Extremely interesting in what the speaker was saying about the banks are only interested in the blockchain so they can manipulate it to serve themselves , but bitcoin will not allow them. Look at it from another angle. Blockchain is decentralise but exchanges are not.
All major banks around the globe have been working on blockchain related stuff for at least a year. It is nothing new that they put effort in, the only odd thing with JPM is its CEO who publicly talked bs on crypto.
I agree, it would be naive to assume a company such as JPMorgan would contradict themselves in such a way without having a strategic angle they were planning to make a move from. Good collection of news that sheds light on these interesting times.
If only we knew now what we will know then!
It simply is the way to make profit.
The economy is going into blockchain tech.
100% agree!
Programming is the main skill of current economy, those who understand that will rule tomorrow's world!