![]() While Dimon said at The Wall Street Journal CEO Council summit on Tuesday that he still does not care about Bitcoin personally, the clients of big and small JPMorgan, whose chief executive Jamie Dimon called Bitcoin "a fraud" in 2017, is also preparing to offer an actively managed Bitcoin fund to its private wealth clients for the first time. However, investors who are quick to dismiss Bitcoin amid the rise of more affordable altcoins should think twice.Ĭrypto custody firm NYDIG on Wednesday said it has teamed up with Fidelity National Information Services to enable hundreds of banks to offer Bitcoin to customers in the coming months. With Dogecoin surging as much as 50% on Tuesday and Ether staying above its all-time high of $3,300, the future of the original cryptocurrency - Bitcoin - seems dwarfed in comparison.Īfter hitting its all-time high of $63,000 in mid-April, Bitcoin plunged to $49,000 before climbing back to around $57,000 as of Wednesday afternoon.
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