Just few months back JPMorgan’s CEO Jamie Dimon states that all this Bitcoin craze is just a fraud and a fake.
While simultaneously hiring 150+ blockchain developers to work on his own private projects had leaked and just this week the top US bank based on assets has released “The Bitcoin Bible” for investors – stating that the cryptocurrencies won’t be going away and is here to stay. At the same time warning investors about looming 50% or so in drops of the BTC price.
This Bitcoin Bible sums up to about 71-pages of crypto, covering topics ranging from the technology of bitcoin to its use of cases. JPMorgan analysts have issued their own report saying that the BTC would drop to as low as $4,600, which is about 50% drop of its current level $8,700