Why America’s Biggest Bank Is Suddenly Very Bullish On Bitcoin

JP Morgan, the largest U.S. bank by assets, has this year softened its previously harsh tone on bitcoin.

The bitcoin market has matured since JP Morgan chief executive Jamie Dimon called bitcoin a “fraud” in September 2017—helped by the (still highly volatile) bitcoin price finding support as an inflation hedge alongside gold this year.

Now, JP Morgan has said bitcoin’s strong 2020 could be set to continue, finding the bitcoin price has “considerable” upside in the long-term as it…


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