In an incredible turn of events and possibly karma biting JP Morgan back, they had recently issued a statement saying that Bitcoin surviving the crash has shown that it has staying power.
They do continue to believe (and I should say fairly) that Bitcoin is mostly a speculative asset because that is completely right. Bitcoin in this day and age is far from being the electronic peer to peer cash that Bitcoin Cash is.
The karma part comes in when Jamie Dimon, the CEO of JP Morgan Chase had said that Bitcoin is a fraud and is only being used by fraudsters to do illegal activities.
This is the power of belief and because the crypto users have stuck to their belief, we have collectively achieved this.
Onwards and upwards from here!
