This news comes as a surprise since J.P. Morgan’s CEO, Jamie Dimon, has been extremely unsupportive of bitcoin, calling it a 'fraud' and calling anyone who invests in bitcoin 'stupid'. Dimon also stated he would fire any J.P. Morgan trader that trades bitcoin. This drew the ire of many successful investors and cryptocurrency figures.
Jamie, you're a great boss and the GOAT bank CEO. You're not a trader or tech entrepreneur. Please, STFU about trading $BTC.— Alex Gurevich (@agurevich23) September 12, 2017
We will see how this plays out, but Jamie Dimon will have to be firing many of his employees if J.P. Morgan allows their clients access to CME’s upcoming bitcoin futures product.
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