It wasn't that long ago when traditional banking institution JP Morgan said cryptocurrency was just a silly fad. Now, it seems they can't get enough of cryptos like Bitcoin, Bitcoin Cash, Ethereum, and Ripple. The company just released a new report for the rest of 2018, 2019 and beyond.
JP MORGAN SUPPORTS BITCOIN CASH THROUGH 2019
In a drastic turn of events, JP Morgan stated that cryptocurrencies are here to say. At least for the foreseeable future. Even though many of their financial compadres are still holding strong against the growing trend, a new internal report from JP Morgan suggests that Bitcoin Cash and others will have a strong 2018 and 2019. In the report, experts state that cryptocurrencies will continue to face volatility. However, in the long term, the market will even out and the loopholes in blockchain technology will right themselves.
JP MORGAN SAYS BITCOIN CASH TO HAVE HUGE YEAR IN 2019
Crypto's like Bitcoin Cash are not going anywhere. In fact, they are going to thrive in 2019. Investors will continue to flock towards decentralization as the new industry normal. Furthermore, crypto will continue to evolve with the aid of peer-to-peer networks and the anonymous nature of crypto. Even so, JP Morgan is not going easy on the technology. Just recently, the company banned the use of its credit cards for buying crypto. Allegedly, they are still waiting for some kinds to iron themselves out before going all in.
JP MORGAN SAYS BITCOIN CASH IS TOO BIG TO FAIL IN 2019
While this good news for crypto enthusiasts, it doesn't mean guaranteed success. Over the coming years, many promising projects will succeed while others will fail. The volatile market will discourage many investors from jumping in and taking a risk. However, cryptos like Bitcoin Cash are too big to fail at this point. Even if they remain stagnant for long periods of time, they are here to stay. For now, we all just wait for the next, big upward trend to hit. But at least we have some comfort in knowing the big banks are starting to support the cause.