Quote from: Caladonian on March 12, 2019, 09:10:51 AM

-SNIP

Just saw the JP Morgan, I couldn't help to think back what happen (I guess last year). In which JP morgan issue a statement that Bitcoin is a fraud which somehow affected the value of Bitcoin at the time. Though after the statement and the sudden fluctuated price, JP morgan took advantage of and bought Bitcoin. Hypocrisy at it's finest. Then now, JP Morgan is launching it's own coin, JPM Coin.

Generally speaking, Banks don't find Cryptos as investment. That's why they're against it, however, There's a much deeper reason to why they dislike it. Maybe Conflict of interest is a factor, who knows. Or maybe, They are not really against the cryptos itself but on the system. If crpytos are under centralized system then Banks won't have any issues with it.