coinsaucenews
The recent news that JPMorgan has become an authorized participant for BlackRock’s spot Bitcoin ETF presents a striking irony, particularly in light of the past statements made by JPMorgan’s CEO, Jamie Dimon. Just three weeks prior to this development, Dimon expressed a strongly negative stance on Bitcoin, stating that he would ban it if he had the power in government. This stark contrast between his words and the actions of JPMorgan underlines a critical lesson: it is often more revealing to observe what individuals and organizations do rather than what they say. In this case, despite Dimon’s vocal criticism of Bitcoin, JPMorgan’s engagement in the Bitcoin ETF indicates a recognition of the cryptocurrency’s significance and potential in the financial world.
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