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An interesting thing happening on Wall Street. A few years ago, Jamie Dimon was quite clear saying that Bitcoin was a scam. End of story. But look at what happened next.
Now JPMorgan, Morgan Stanley, and Goldman Sachs are literally offering Bitcoin ETFs to their clients. Not only that, these institutions are already processing cryptocurrency settlements through their own blockchains. It’s a 180-degree turn from what Jamie Dimon was saying recently.
The irony is quite evident. The same institutions that years ago looked at crypto with distrust are now building infrastructure for their clients. And Jamie Dimon, well, he’s still Jamie Dimon, but the market moved without waiting for his approval.
Bitcoin is at $76.75K right now. The institutional market has made a clear decision: crypto is not a scam, it’s an asset that needs to be in the portfolio. And that changed the whole game.