JP Morgan Retreats From Earlier Stance; the Company Offers Upbeat Outlook

JP Morgan

The JP Morgan global research team has presented an optimistic outlook for cryptocurrencies in the report, entitled “Decrypting Cryptocurrencies: Technology, Applications, and Challenges.”

The bearish outlook from major fund managers and big banks added strongly to the crash of cryptocurrency prices.

Chief Executive Jamie Dimon had strongly criticized bitcoin and other digital currencies. Goldman Sachs and Warren Buffett have followed his footprints; warning investors against the cryptocurrency mania for fears of a bad ending.

The Upbeat Outlook from JP Morgan’s Research Team

However, JP Morgan’s research team has painted a different picture; …

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