Its funny how after releasing their own JPM coin JP Morgan have done a complete u-turn and are now endorsing cryptos (providing you still use a normal bank sevice of course). When JP Morgan slated bitcoin last year there was a sudden price drop. Even though they were caught buying bitcoin on the dip for their clients the facade was allowed to continue. Pretending to rubbish publicly something whilst secretly working on it is the oldest trick in the book and its sad that so many people still take taken in by this game. I suspect that any day China is going to declare its support for crypto and lift its ban even though we all know its working on blockchain projects in the background. It just means we have to wait longer for the price to go up I guess.
Here is the JP Morgan article
https://www.newsbtc.com/2019/03/20/jpmorgan-executives-flip-bullish-on-crypto-after-jpm-coin-release/It's pretty interesting when your opinion can change the actions of a lot of capable people, isn't it?
That of course affects a lot of things, because everyone else will probably follow them. Except of course they rivals who would try to compete and you can't blame them.
But this is extremely good for Bitcoin and Cryptocurrency in general. They might change it in the future to profit more, but seriously, Bitcoin still needs more time to mature - There's not rush yet.