The news has just been released that J.P. Morgan has released it’s own cryptocurrency!!
An important distinction to make is that this asset has no correlation to Bitcoin, however what this does do is open the Overton Window for example institutions moving huge amounts of money on new rails. This could mean that in the future there may very well be a space for a huge store of value being used as a settlement currency – i.e. Bitcoin.
Link to the news article: https://www.thedailychain.com/blog/jp-morgan-to-launch-jpm-cryptocurrency-coin/
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