JP Morgan internal Cryptocurrency prediction report: Bitcoin, Bitcoin Cash, Ethereum, Ri…

JP Morgan states that cryptocurrencies are here to stay. Even though many of the financial institutions believe that cryptocurrencies are not the longer term phenomena, the truth is institutions, such as JP Morgan, are clearly stating that cryptocurrencies are here to stay. This is according to an internal report from the company.

According to the report by JP Morgan, cryptocurrencies would continue to face such volatility. Moreover, the ecosystem would move around the blockchain technology over a long period of time and the loopholes of the blockchain technology would be filled up.

This is in stark contrast with the public opinions of the company related to cryptocurrency. Various executives including the CEO of the company have clearly stated that they believe the cryptocurrencies are actually fraud. However, the internal report holds an entirely different opinion.

Cryptocurrencies would not disappear anywhere

According to the report, cryptocurrencies would not disappear…