JPMorgan: Cryptocurrency is Unlikely to Disappear [Yes, Really]

in #bitcoin7 years ago

JPMorgan: Cryptocurrency is Unlikely to Disappear [Yes, Really]

The post JPMorgan: Cryptocurrency is Unlikely to Disappear [Yes, Really] appeared first on CCN
JPMorgan’s mixed signals on bitcoin persist. The top US bank based on assets has released what’s been dubbed a “Bitcoin Bible” for inve...

Read more: www.ccn.com

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On one side JPM tells cryptocurrency is unlikely to disappear and the other hand, Goldman Sachs says be prepared for all the cryptocurrencies to come fown to zero.
I'm clearly not trusting any company or organisation in respect to crypto.

No matter how many companies and businesses support and see the value of crypto many people will not follow it. They have been ingrained to follow fiat currency. What people don't think of who use fiat is that your money is not backed by anything. It is just the agreed amount people say a piece of paper is worth. Same with crypto, it may not be backed but groups of people agree on its value.

Bitcoin is Unstoppable @cryptonized <3

bitcoin became the king of digital money

JPM is made up of a bunch of hypocrites. It really makes me mad that they put out so much FUD to drive the price down so they can buy up cheap coin.

Really? Are you that surprised? They pushed it as far as the long-term crypto investors would let them. How many times did it hit that resistance band before slowly starting a crawl upwards?