Bitcoin is an asset class, JPMorgan clients say as demand rises

by Aurelia Butler 22 July 2021, 22:30 199 Views

In a recent Bloomberg interview, an exec of the company admitted that many of its clients now view Bitcoin as an asset class. According to Mary Callahan Erdoes, JPMorgan’s Director of Asset and Wealth Management:

In May, JPMorgan’s CEO Jamie Dimon warned investors to stay away from Bitcoin. Back in 2017, he dubbed Bitcoin a fraud and threatened to terminate the employment of any staff that deals in crypto. Erdoes noted that the firm still has its reservations on the classification of cryptocurrencies as an asset class. She said:

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Source: Cryptocurrency - investing.com

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Bitcoin is an asset class, JPMorgan clients say as demand rises

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