It is barely a week after Tesla, one of the leading electric car manufacturers announced it had invested $1.5 billion in Bitcoin and the president of JPMorgan Chase & Co. Bank today has said in an exclusive interview with CNBC that the bank will offer Bitcoin trading if its clients demands for it.

Also Read: IS JP MORGAN’S PREDICTION OF BITCOIN HITTING $50,000 IN 2021 COMING TO REALITY?

Could we be seeing another boost for Bitcoin, which has been on a relentless bullish rally since November 2020? Well, to date, several large institutions have already shown they have faith in the digital currency and it could just be a matter of time before more institutions finally recognize the opportunities that Bitcoin offers.

In an interview with CNBC, Daniel Pinto, the president and COO of JPMorgan, said, “If over time an asset class develops that is going to be used by different asset managers and investors, we will have to be involved, . . The demand isn’t there yet, but I’m sure it will be at some point.”

From Pinto’s point of view, Bitcoin is set to become a sought-after investment asset across the globe and the bank shall not be left behind as others jump onto the ship.


Buy and download PC and Mac games

Today’s utterances by the JPMorgan co-president comes after the bank held a meeting with thousands of sales staff and traders last month where the bank was asked when it shall get involved with Bitcoin. And during that meeting, Pinto struck an optimistic tone.

Also Read: IS IT THE BEST TIME TO INVEST IN BITCOIN – HOW LONG WILL THE BULLISH RALLY LAST?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s