- A large number of financial players continue to move into the crypto space.
- Its volatility may be holding it back from reaching its potential value.
- The future of crypto seems uncertain as both community interest and risks stay high.
Even as the pressure around entering the crypto space has cooled down, a large number of big players continue to move in. Many US finance giants are treading forward, cautiously.
Jamie Dimon, Chief Executive at JPMorgan (NYSE:JPM) and Chase, said recently, “My own personal advice to people: Stay away from it.” He added, however, “That does not mean the clients don’t want it.” The biggest US bank in terms of assets, JPMorgan is currently assessing how it can help its clients transact in crypto.
Early 2021 saw the financial industry brimming with excitement and possibilities for cryptocurrency. Part of this was due to Bitcoin’s unprecedented jump in value from late 2020 to early 2021. Some of the m...
This article was first published on coinquora.com