Bitcoin futures might add legitimacy to cryptocurrency, tells JPMorgan strategist

According to one of the traditional media outlets that often finds and makes interesting news on cryptocurrency by inviting various guests, one of the advisers of Jamie Dimon has if not directly the opposite, then at least more liberal opinion on Bitcoin’s status. We must remind for the newcomers that Jamie Dimon, CEO of JPMorgan Chase, infamously called Bitcoin a fraud that is about to collapse, and vowed to fire from his company anyone who trades with this. Since then, the question “Do you consider Bitcoin a fraud, like Jamie Dimon?” has been repeated by many journalists toward many various people.

Nikolaos Panigirtzoglou, however, thinks that the upcoming Bitcoin futures platforms (which CME Group and some Swiss companies already develop) would add more legitimacy to digital currencies.”In all, the prospective introduction of bitcoin futures has the potential to elevate cryptocurrencies to an emerging asset class,” told Mr. Panigirtzoglou in a report cited by CNBC. This might be the reason why the Russian central bank recently opposed the plans of the Moscow Stock Exchange to create Bitcoin futures trades, as the country’s regulator is absolutely not thrilled with the possibility of cryptocurrencies to become legitimate.