I'm planning to write a response to this article, possibly for my weekly City AM column - and would be interested in thoughts and insights from those here?
What do you think?
You know by now that JP Morgan launched a crypto asset called JPM coin. You've probably seen the self-satisfied memes showing Jamie Dimon publicly hating on Bitcoin, contrasted with his own massive bank launching its proprietary, closed cryptocurrency (leveraging open source software created by others) within a year -- and claiming it is a meaningful invention. Perhaps you've read that this is a first-of-its-kind symptom demonstrating that banks are finally coming into crypto. Cool, huh! Yet all of these reactions are mostly irrelevant to thinking about what's happened.
First things first. JPM has...
Would you also please like the LinkedIn post and (if possible also) comment, to help spread the word.
I'd be grateful.
There are now an incredible 178 Crypto exchanges globally I suspect we will start seeing a consolidation of exchanges. Asia now dominating crypto volumes in terms of the trades being carried out and Bitcoin volumes continue to rise despite collapse in the price.