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.