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The Big Banks Are Coming For Bitcoin Vide
PostSubject: The Big Banks Are Coming For Bitcoin    The Big Banks Are Coming For Bitcoin Icon_minitimeSat Oct 07, 2017 5:12 am
No matter what Jamie Dimon may say, bitcoin’s durability can be expressed by one simple fact: With a market cap of $100 billion, digital currencies have become too big for banks to ignore.
As Bloomberg recalls in a story about how banks are preparing to confront the thorny regulatory issues related to dealing in bitcoin and other digital currencies, on the same day Dimon trashed bitcoin, calling it a “fraud,” his firm’s private bank hosted a panel featuring cryptocurrency investors, and even helped some wealthy clients transact in a bitcoin exchange-traded product listed in Stockholm, raising questions about whether the bank violated its fiduciary duty in doing so.
Dimon isn’t the only one of his peers to harbor reservations about bitcoin. Bridgewater Associates’ Ray Dalio and BlackRock’s Larry Fink have criticized it as a “bubble” and a “a tool used by criminals.” Morgan Stanley CEO James Gorman defended bitcoin, arguing that it is “more than just a fad.”

The Big Banks Are Coming For Bitcoin 2017.10.05ceos_0

http://www.zerohedge.com/news/2017-10-05/big-banks-are-coming-bitcoin
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