Wall Street analysts throw cold water on J.P.Morgan's 'cryptocurrency'

Quick Take

  • J.P.Morgan’s new crypto JPMCoin might not be that big of a deal, Wall Street analysts told The Block
  • “The announcement is a non-event,” one analyst said
J.P.Morgan sent ripples through the blockchain world when it announced the launch of its own “cryptocurrency,” dubbed JPMCoin. The bank, which is led by bitcoin basher Jamie Dimon, has long been involved in the blockchain market, but the announcement of JPMCoin is arguably one of the most notable moves by a Wall Street bank into […]

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