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Jamie Dimon used to say Bitcoin was a scam, but now JP Morgan thinks it could earn 10% each year.

OpinionRead the original at Benzinga
Neutral

JPMorgan raised some investment estimates and cut others, still calls Bitcoin speculative, and the article recalls Jamie Dimon’s past criticism. It also notes JPM Coin’s launch but gives no business results, so the story does not show a change in JPMorgan’s outlook.

JPM · JPMorgan Chase & Co.

AI read · Neutral

The AI's read

These estimates describe possible returns from investments, not JPMorgan’s sales or profits. The report raises some estimates and cuts others, still calls Bitcoin speculative, and mentions JPM Coin without reporting results. It does not show a clear change in the bank’s business outlook.

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