Fri. Oct 23rd, 2020

The traditional finance world has long been skeptical of the crypto market, with many financial “gurus” and banks criticizing the nascent market, frequently leaning against age-old talking points for why Bitcoin is bad.

It appears that this is starting to shift, however, as JPMorgan has recently taken some actions that appear to show that they are changing their outlook towards the market.

This trend doesn’t mark any sort of shift in how the entire banking industry views the market, however, as JPMorgan’s fellow banking giant Goldman Sachs recently offered scathing remarks about Bitcoin and other cryptocurrencies.

It is possible that JPMorgan will gain a valuable edge over its competitors due to its gradual acceptance of digital assets.

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