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Rumor: JPMorgan might consider linking its futures-brokerage unit with CME’s BTC futures platform

21 November 2017 21:00, UTC

According to the Wall Street Journal’s trustful sources, the wealthy JPMorgan corporation might actually provide its clients an opportunity to connect with the upcoming platform Terry Duffy and CME Group are now actively developing, although they delayed the previously announced release date.

This directly contradicts Jamie Dimon’s radically conservative position on Bitcoin. He called the most expensive cryptocurrency in the world a fraud, a bubble worse than the famous Dutch tulips economic disaster, and, as if that was not enough, vowed to sack any employee in JPMorgan who trades bitcoins.

Since then, the question “do you consider Bitcoin a fraud like Jamie Dimon?” has become somewhat of a gold standard among fintech journalists while talking to every businessman on markets development. Most interviewees, however, choose more careful position to leave the room for maneuver. And if the source of the WSJ has the correct information, we see a good example of how it’s always to take a more careful approach when talking about something new and initially incomprehensible. One may even suggest that the grotesque words of Jamie Dimon actually served as a reverse psychology for at least part of the investors who do not trust wealthy bankers.