Seeing Double with Jamie Dimon
The banker doth protest too much, methinks.
Despite all the smack talk, Jamie Dimon’s JPMorgan appears to be interested in investing in Bitcoin futures.
Through an anonymous source, the Wall Street Journal reports, “J.P. Morgan is considering whether to provide its clients access to CME’s new bitcoin product through its futures-brokerage unit.”
This would allow the bank to charge customers to place bets on whether Bitcoin will go up or down.
Bitcoin.com notes that the launch of CME itself is “by no means in stone. Regulators at the Commodity Futures Trading Commission (CFTC) are under severe pressure to get this right, and few fully understand what they’re dealing with when it comes to bitcoin.”
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin or cryptocurrency. Your transfers and trades are at your own risk. Any losses you may incur are your responsibility. Please note that The Daily Hodl participates in affiliate marketing.
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