JPMorgan Chase Chief Executive Officer Jamie Dimon retreated last week from his contention that bitcoin is a fraud. Still, he told the Fox Business network that “Bitcoin to me was always what the governments are going to feel about bitcoin as it gets really big.” 1 Will governments smash cryptocurrencies, or will cryptocurrencies smash government monopolies on money? Neither extreme is likely. Thinking about intermediate outcomes helps choose which cryptocurrencies to back today.
Read More Here: https://www.bloomberg.com/view/articles/2018-01-16/when-picking-cryptocurrency-winners-don-t-think-long-term
