JP Morgan needs to accept reality.
JP Morgan is a global leader. They deliver strategic advice and solutions, including capital raising, risk management, and trade finance to corporations, institutions and governments. They are also a global full-service provider of cash management, liquidity, trade and escrow solutions that help resolve the working capital and efficiency challenges treasury professionals face.
The scathing comments by Jamie Dimon regarding Bitcoin’s status as a ‘fraud’ were met with general disgust among the Bitcoin community. Others though agreed, embracing the commentary, as Bitcoin prices corrected sharply.
However, later news sources indicated that, even as Dimon was spilling his anti-Bitcoin rhetoric, the company was ‘buying the dip’ as the price dropped to month lows.
Now, in another humorously ironic twist, the company has posted a job opening for a Blockchain professional as a ‘Technical Project Execution Manager’ dealing with distributed ledgers. The posting details included this interesting comment:
“The Blockchain Center of Excellence (BCOE) leads efforts for applications of distributed ledger technology (DLT) within J.P. Morgan. We are exploring Blockchain use cases and piloting solutions across business lines. We are active in the Blockchain ecosystem: developing technology, investing in strategic partnerships and participating in industry consortia.”
Bitcoin has been variously hailed as a distributed and decentralized currency for the future and decried as a complete fraud. Nevertheless, in spite of recent negative news like Dimon’s comments and the Chinese Exchange ban, the cryptocurrency has continued to show stability, with prices climbing off the recent lows to settle around $4,000.