Dimon Called Bitcoin a Fraud but JPMorgan Is Citing Prices
Banks Respond to Growing Interest in Cryptocurrencies
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JPMorgan Chase & Co.’s chief executive famously panned bitcoin. His bank’s clients apparently aren’t ready to dismiss it as a “fraud.”
The Wall Street firm’s widely followed morning markets note highlights the spot price for the cryptocurrency. There it sits, right below a rundown of commodities and above the 10-year Treasury yield -- hardly fringe assets.