zerohedge.com / by Tyler Durden / Oct 12, 2017 9:44 AM
And here comes Citi, realizing it desperately needs to get on the bandwagon now before it’s too late:
- CITI CFO SAYS CRYPTO AND DIGITAL CURRENCIES ‘WORTHY OF EXPLORATION’
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It’s probably not a coincidence that on the day bitcoin hit new all time highs above $5,200, and just over a week after the WSJ reported that Goldman is planning a bitcoin trading operation, JPMorgan seems to be changing it tune.
With Bitcoin soaring nearly 100% from the bottom of the sharp selloff following Jamie Dimon’s slam of cryptocurrencies as “frauds” exactly one month ago today, bitcoin was one of the more popular topics on today’s earnings call, where JPMorgan CFO Marianne Lake confirmed what everyone already knew, namely that the technology underlying bitcoin – blockchain – is something the bank is investing in, and is “very optimistic” about the underlying technology of distributed ledgers and blockchain.
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