Morgan Stanley is On the Other Side of Jamie Dimons Bitcoin Trade

Bitcoin prices are heading higher today which some are attributing to the ECB (Euro. Central Bank) saying that Bitcoin and crypto was outside of their jurisdiction. I’d point out that regulating and taxing are two different things. I also don’t think that regulation is bad per se – there are a lot of scam artists out there.

Something I found quite a bit more interesting was that Morgan Stanleys CEO said Bitcoin was “more than a fad” shortly after news came out that former Morgan Stanley CEO John Mack is looking into launching an ICO. If this is true its a huge boost to the credibility of crypto, ICO’s and could pave the way for other big names to enter.

This is in sharp contrast to JP Morgans CEO Jamie Dimon who has been shredding Bitcoin the past several weeks.

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