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JPMorgan Bosses Predict Banks Long Trading Slump Gone for Good
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Once fired by JPMorgan over a trading blowup, Jeremy Barnum is now the CFO
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Major U.S. investment bank JPMorgan Chase will eventually have to get involved in Bitcoin (BTC), co-president Daniel Pinto believes.
The executive told CNBC Friday that JPMorganâs decision to introduce Bitcoin services would depend on the client demand to trade Bitcoin. Although the current demand is not strong enough, Pinto is confident that it could grow further:
âIf over time an asset class develops that is going to be used by different asset managers and investors, we will have to be involved [.] The demand isnât there yet, but Iâm sure it will be at some point.â
Bitcoin Holds Record Highs As JPMorgan Co-President Admits We ll Have To Be Involved
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