JPMorgan Misses the Point, Says Crypto Isn’t Currency

Crypto isn’t currency — at least, according to American multinational banking and financial services holding company JPMorgan Chase &#38; Co. Missing the Point JPMorgan, a New York-based institution with a history that is far from pro-crypto, claimed in a wide-ranging note to clients that cryptocurrencies only make sense as a hedge in one’s investment portfolio — and are neither viable stores of value nor effective currencies. Wrote the company: The huge volatility of the price<br />Read More<br />The post JPMorgan Misses the Point, Says Crypto Isn&#8217;t Currency appeared first on Bitcoinist.com.

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