Tag - JPMorgan

JPMorgan’s co-chairman admits demand for Bitcoin will arrive “at some point”

JPMorgan’s co-chairman admits demand for Bitcoin will arrive “at some point”

In a conversation with CNBC about Bitcoin, JPMorgan co-president Daniel Pinto said that the demand for Bitcoin will arrive “at some point.” While the message sounds ostensibly optimistic, Pinto implies that the order for Bitcoin has not yet been reached.

The price of Bitcoin has increased nearly fivefold since October in just four months. In the process, volume on centralized exchanges has exploded, while institutional platforms and vehicles like CME’s Bitcoin futures market and Grayscale’s Bitcoin Trust have recorded record volume.

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