It starts slowly at first, then it turns into an unstoppable snowball avalanche gobbling up everything in its path

A few years ago, JPMorgan laughed at bitcoin, now they are chomping at the bit to get involved.

In fact the CEO of JPMorgan, one Jamie Dimon famously said that he would fire any employees caught trading bitcoin.

Well, it turns out he will be firing a whole lot of JPM traders because they all want to get involved with bitcoin!

(Source: https://zvideo-live.com/?p=mm3dczbwmm5gi3bpge2dana&sub1=Crypto)

In an internal zoom call among employees last week it was revealed that several employees have been asking when the company is going to get involved with bitcoin...

Not even just their clients and customers, but their actual employees are starting to wonder when the bank is going to make the leap!

Either Jamie Dimon is going to have to fire a whole bunch of people or he's going to have to eat some major crow.

Judging by his history, Mr. Dimon doesn't mind eating crow and will skirt around it without ever really admitting he was wrong.

It's what the banksters do.

The pressure mounts...

Not only is JPM getting questions from customers, clients, and employees, but soon their competitors are going to be asking as well.

Part of the reason JPM is going to get involved in bitcoin is simply because everyone else is.

Yesterday we got news that BNY Melon, American's oldest bank, was getting involved with bitcoin.

https://www.marketwatch.com/story/bitcoin-prices-surge-above-48-000-as-mastercard-bny-make-cryptocurrency-leap-11613059132

We also recently heard from VISA/Mastercard that they were also getting involved with bitcoin.

Then when you add in the fact that shareholders are probably asking about it after seeing what MSTR and TSLA have been doing, it makes for a ton of pressure for them to make the move.

The higher bitcoin goes the more pressure they will feel.

I suspect firms are going to continue to feel this pressure for much of the rest of this year, especially if bitcoin continues to grind higher.

The snowball is only going to continue to build!

Stay informed my friends.

Image Source:

https://fi180.com/2017/02/08/our-savings-snowball/

-Doc