RATE Group | Bitcoin price gains another 3% as the largest U.S. bank seems to have turned bullish
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Bitcoin price gains another 3% as the largest U.S. bank seems to have turned bullish

31 May Bitcoin price gains another 3% as the largest U.S. bank seems to have turned bullish

Posted at 12:37h in Bitcoin News by

  • JPMorgan signed Coinbase and Gemini and already started processing transactions for them
  • CEO of the largest bank in the U.S. by assets called Bitcoin a “fraud” nearly three years ago
  • Bitcoin gained 3% on Friday to trade near $10,000 again

Jamie Dimon, the CEO of JPMorgan Chase (NYSE: JPM), had been often described as the biggest Bitcoin hater. However, the last actions from his bank show that he may have changed his opinion on Bitcoin and cryptocurrencies. In the meantime, Bitcoin has added another 3% to its value. 

Fundamental analysis: JPMorgan takes Gemini and Coinbase as its clients

In September 2017, Jamie Dimon described Bitcoin as a “fraud”. His comments made headlines given Dimon’s reputation as one of the most influential bankers in the last few decades. The bank’s officials then clarified that they’re supportive of blockchain technology. 

“We are supportive of cryptocurrencies as long as they are properly controlled and regulated,” Umar…

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