Weekly blog - Lets look at JPM, Blockchain and Bitcoin

makeithappen(61)

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If you have followed the news last week, than it's no surprise that JPM (JP MORGAN) and Bitcoin were mentioned in one sentence.

At the moment there is one Job available for which JPM search an expert: Technical Project Execution Manager – (Blockchain) Distributed Ledger Technology

https://jobs.jpmorganchase.com/ShowJob/Id/65514/Technical-Project-Execution-Manager

JPM has a a department that will focus on Blockchain. They call it BCOE (Blockchain Center of Excellence). So they are stepping in, but the very basis what made Blockchain visible and transparent 'Bitcoin' to the crowd is a fraud, at least that is the opinion from its CEO. Honestly, I can't take him serious. I will now start tracking all his future speeches and tackle him if he screams radical nonsense again! :)

Ok enough about the links between JPM, Blockchain and Bitcoin, now let us look at some numbers in detail.

The market cap of JPM is a massive USD 320billion. If Bitcoin would be USD 320billion today than one Bitcoin would reflect a worth of USD 18.218,-.

Imo we would see such a price for Bitcoin within 3 years. Yes, the market suffered a huge sell off today, but looking long term none fundamental changes have occurred last week. Hedge your wealth and do some serious due diligence yourself.

What drives JPM CEO to make such statements? IMO the banks(central) fearing the mass adoption of crypto-currencies and in particular Bitcoin.

We will see how it all will settle out. In the meanwhile don't panic trade and educate yourself. We have a really good platform here with Steemit. I see a lot of very good content that deserves more attention. Give credits to the authors who deserve it.

With that said I wish all of you a very good weekend and remember, only you can makeithappen!