RATE Group | J.P. Morgan—Bitcoin’s ‘Biggest Enemy’—Suddenly Appears To Be Going All In On Crypto
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J.P. Morgan—Bitcoin’s ‘Biggest Enemy’—Suddenly Appears To Be Going All In On Crypto

31 May J.P. Morgan—Bitcoin’s ‘Biggest Enemy’—Suddenly Appears To Be Going All In On Crypto

Posted at 03:28h in Bitcoin News by

J.P. Morgan, the largest U.S. bank by assets, has been waging a war of words with bitcoin and cryptocurrency for years.

The bitcoin price has swung wildly since J.P. Morgan chief executive Jamie Dimon called bitcoin a “fraud” in September 2017—rising to around $20,000 per bitcoin before crashing to under $4,000 (twice).

Now, J.P. Morgan’s turbulent relationship with bitcoin appears to be rapidly softening, after the bank added its first crypto exchange customers and Dimon reportedly hosted secret meetings with the boss of major bitcoin and crypto exchange, Coinbase.

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