Cryptos Are Here to Stay, JP Morgan Report Says

This is stated in the internal report of the financial holding
22 March 2018   462

In the internal report of JP Morgan, it is asserted that the cryptocurrencies will not disappear anywhere, they will prosper, and investors will continue to invest in crypto-currencies, attracted by decentralized technologies, anonymity and peer-to-peer networks. This is reported by Smartethereum.

The ecosystem of blockchain will develop further, for a long time, and all existing gaps in the technology of blockchain will be eliminated, JP Morgan believes, according to the report.

The statements in the internal report contrast with the actions of JP Morgan, which last week banned the use of its credit cards for the purchase of cryptocurrency.

JP Morgan's reports, most likely, are not a change in the bank's attitude to crypto-currencies, however, they show that JPMorgan recognizes great potential for crypto-currencies.

In February this year, analysts of JPMorgan Chase presented a report, according to which crypto-currencies can contribute to the diversification global portfolio of securities.

Reddit Founder to Share Thoughts on Crypto Winter

Alexis Ohanian believes that overall market fall allows to clean industry from speculators and its good for long-time health
22 February 2019   110

The prolonged fall in the cryptocurrency market allows the industry to get rid of speculators, freeing up space for real cryptocurrency enthusiasts. This was announced by the founder of the Reddit social network, Alexis Ohanian, in an interview with Yahoo Finance.

He noted that such mass cleaning is beneficial to the industry’s long-term health.

Now, it's still to be seen. But what's a strong signal to me is still some of the smartest people I know in tech are working on solving these problems. They're building companies that are built on blockchain. The hype is gone. The fervor is gone. But I think that's a good thing.
 

Alex Ohanian

Founder, Reddit

In February, Reddit attracted $ 300 million investment and reached an estimate of $ 3 billion. The Chinese holding Tencent ($ 150 million), investment firms Sequoia and Fidelity, as well as the musician Snoop Dogg, took part in the round of financing.

Earlier, the head of Pantera Capital, Dan Morehead, said that market participants should not worry about cryptosis, as the current situation opens up good prospects for the future development of the bitcoin and blockchain industry.

A similar point of view was expressed by the founder of Morgan Creek, Anthony Pompiano, in November 2018, stating that the bear market is throwing "tourists" out of the game.