If you want to understand why Bitcoin has held up so well in its current bull trend, you need look no further than the difference between the public expression of the Bitcoin views held by JPMorgan Chase & Co. (NYSE:JPM) in 2017 versus its perspective on Bitcoin in 2021.
In 2017, JPMorgan CEO Jamie Dimon went on record to say that he would fire any trader that buys or sells Bitcoin “in a second”. It was publicly regarded as dirty, scammy, illegitimate. The domain of criminals and drug dealers and bubble-running greater fools with no sense or sophistication when it comes to financial markets.