JP Morgan Chase Makes Surprising Announcement, May Add Bitcoin Futures – Business and Finance tips and Advice

JP Morgan Chase Makes Surprising Announcement, May Add Bitcoin Futures

Based on studies within the Wall Road Journal, JP Morgan Chase is contemplating offering entry to the Chicago Mercantile Trade’s (CME) Bitcoin futures buying and selling by its futures platform.  The CME’s announcement final week relating to the addition of Bitcoin futures despatched costs of the cryptocurrency to new all time highs over $eight,300. Based on the report:

“J.P. Morgan is contemplating whether or not to offer its purchasers entry to CME’s new Bitcoin product by its futures-brokerage unit.”

Oh Jamie…

The irony of the announcement, after all, is that Jamie Dimon has been probably the most outspoken critic of Bitcoin on Wall Road, calling it a ‘fraud’ and saying that anybody who invests in Bitcoin is ‘silly’. Dimon additionally mentioned he would hearth anybody caught investing in it – a promise which he has but to satisfy.

The strongly destructive leanings of some Wall Road pundits have been matched by the constructive outlooks from others. Nevertheless, whether or not Jamie will get in or not, Bitcoin futures will probably grow to be a actuality in early December, powerfully rising adoption.

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