It is leaked that the firm JP Morgan, hours after the attack by its CEO, Jamie Dimon on Bitcoin, was made with shares of an Exchange, specifically of Bitcoin XBT, which shows how little shame and how scammers the bankers are.

The past week has been turbulent, with attacks by Russia, China and India on Bitcoin which were opportunistically joined by Jamie Dimon, the CEO of JP Morgan, who said not only that Bitcoin was a fraud, he also added that This cryptocurrency was used by drug dealers and underworld people. Well, it has come to light that JP Morgan has acquired a huge amount of shares of the Exchange Bitcoin XBT. In the end Dimon is right, Bitcoin is a currency used by drug traffickers, criminals and scammers, as is Dimon himself.

Nordnet, a public record, has shown that JP Morgan Securities and Morgan Stanley have invested nearly three million euros in XBT shares. This coincides in time, as we said, with the restrictions on Bitcoin in China and with the Dimon attack. JP Morgan has taken a large number of shares, ahead of Goldman Sachs and Barclays. Exchange-traded note companies (hereinafter, ETN), are simply a financial vehicle that imitates the price of a share, something that encourages, as in this case, better economic management by companies that work under Bitcoin . Companies like Saxo Bank offer ETNs, making it available to what is called Bitcoin Trackers.

JP Morgan has not only bought Bitcoin and is involved in investments in various cryptocurrencies, it has also invested a large amount of capital in the [amazon_textlink asin = 'B074RF3KM9 ′ text =' blockchain 'template =' ProductLink 'store =' hardwa028-21 ′ marketplace = 'ES' link_id = 'b44ce942-9bb3-11e7-a406-a5cebd1c4816 ′], as many banking institutions already do. Among other investments, they are working on the Ethereum blockchain and working on the development of Zcash. Quorum, a project based on Ethereum, has a repository on Github owned by JP Morgan, where we find the explanation of why we do not need a consensus mechanism like Proof of Work or Proof of Stake for the blockchain.

Source: NewsBTC