America’s Biggest Banks Move Towards Bitcoin Acceptance

America’s biggest banks are closer than ever to accepting Bitcoin. JP Morgan, Goldman Sachs and Morgan Stanley have all been in the news recently as they complete their about turns.

In 2017, JP Morgan CEO Jamie Dimon called Bitcoin a ‘fraud’ and ‘worse than tulip bulbs,’, a call the fraudulent CEO has since admitted regret over.

Goldman Sachs hasn’t always been as interested in Bitcoin either. In May last year, a leaked report from the bank claimed Bitcoin was ‘a conduit for illegal activity, including Ponzi schemes and ransomware.’

Morgan Stanley CEO James Gorman has never publicly spoken negative about Bitcoin, but did call it ‘highly speculative’, but did agree it was ‘more than a fad’. Read More

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