JP Morgan Retreats From Earlier Stance; the Company Offers Upbeat Outlook
The JP Morgan global research team has presented an optimistic outlook for cryptocurrencies in the report, entitled “Decrypting Cryptocurrencies: Technology, Applications, and Challenges.” The bearish outlook from major fund managers and big banks added strongly to the crash of cryptocurrency prices. Chief Executive Jamie Dimon had strongly criticized bitcoin and other digital currencies. Goldman Sachs and…