Figure 18 is definitely interesting to look at...

This is exellent for us, we make better future with big whales.

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good post, this is great news, and the more crowded in the conversation at this time

J.P. Morgan coming up with a bible is the answer to people like Jamie Dimon and the people that follow their reports.
This is a full analysis of cryptocurrency.. a deep insight for the public that still questions how cryptocurrency is beneficial. Many people here in Africa are still rigid about cryptocurrency as many fraudsters have risen up in the name of cryptocurrency and stolen their money. Now they have a bad feeling on cryptocurrency, but now I feel I can guide them to such well researched reports for them to understand cryptocurrency at a deeper level.
Me too I've realised there is some knowledge I didn't know about steemit after reading this post especially the part of applications;

Applications

There are over 1,500 CCs with a market cap of $400bn. Transactions in the three largest CCs average $550bn per month and come mostly from individuals. Ownership is highly concentrated. The opportunity set around direct CC trading appears relatively limited for banks, while the two Bitcoin futures recently launched are seeing only $140mn in daily trading.
Blockchain saw its first expression through Bitcoin – the first CC – but is more likely to ultimately see its greatest application outside of CCs across other financial and non-financial transactions, even as Blockchain itself looks set to evolve fast as the market learns about what works best.
There is the potential for increased usage of Blockchain in cross-border payments, settlement/clearing/collateral management as well as the broader world of TMT, Transportation and Healthcare but only where any cost efficiencies offset regulatory, technical and security hurdles.
Hedge funds have been moving into this market making up most of the 175 CC funds but AUM remains only a few billion dollars. Asset managers are experiencing limited success in bringing products to market and have not been able to launch CC funds or ETFs without support from the SEC or major distributors.
While about half of the early CC transactions happened in the underground economy, the share of this is declining, with investing and speculation now taking a much larger share.


We are glad and grateful for J.P Morgan's research for it has a lot of people it's going to influence.
Thanks for sharing about the Bitcoin bible @zer0hedge

You have to wonder about the accuracy, or intent, of a report like this when you see them call the USD a "government-issued currency".  The government gave up their constitutional right to print their own currency over 100 years ago.  They go on to say it will be difficult to take the seignorage profits away from the monopolists who control the currency.  They are certainly correct, even though they want us to believe it's the government that is the monopolist.

damn, so all concurrency are at just a fraction of gold stock thats crazy. How are we in a bubble again?

More cliffnotes than bible it seems.

Though it shows how disingenuous JPM is regarding crypto.
(Reason being BTC is de-centralized.....they sure as Hell don't want that)

I'm willing to bet my bonus that they will launch or offer a service which incorporates crypto currency & banking....soon enough

Online storage perhaps?

What's my basis you'd say?
For a company who's CEO publicly loathes BTC...

I think everyone forgets JPM sure loves blockchain..
(https://www.jpmorgan.com/global/Quorum)


Great post @zer0hedge

Tnx for your update news .Offshore Exchanges had to make a virtual crypto that could trade instantly and represent true blockchain crypto - so exchanges can even function. So everything you buy on a exchanges is all faked and totally worthless.  I noticed the fanatic enthusiam of its investors even though they are clearly informed of what they are buying.

People do not seek out the investment instruments with the greatest reserves status (there are none found on the planet) - people seek out the instrument with the least fraud and depreciation!

Offshore Exchanges had to make a virtual crypto that could trade instantly and represent true blockchain crypto - so exchanges can even function. So everything you buy on a exchanges is all faked and totally worthless.  I noticed the fanatic enthusiam of its investors even though they are clearly informed of what they are buying. 
They don't care, I'd call the the Church of Cryptology, it's turned into a fanatic frenzy to flee the fiat.

But if the currencies fail, and all that's left is the exchanges one would expect to see the exchanges become the future central banks!! 

Which is a scary thought.

JPM is clearly figuring out who the winners are which they are gate herding into Ripple which is just a bank currency!

For those who believe in god, and for those who don´t!
You should read this **"Bitcoin Bible"**, it will explain you the Blockchain technology and especially establish a relationship with the cryptocurrencies.

*"CCs are unlikely to disappear completely and could easily survive in varying forms"*, this is probably the sentence that I liked to read the most.

"We have officially gone from "Bitcoin is a fraud" to "cryptocurrencies could potentially have a role in diversifying one’s global bond and equity portfolio" .

Bitcoin is a scam, what more is there to say!?!?!?  :-)

Thanks for sharing @zer0hedge

For those who believe in god, and for those who don´t!
You should read this "Bitcoin Bible", it will explain you the Blockchain technology and especially establish a relationship with the cryptocurrencies.

Interesting choice of words JPM.  They wrote a bible...... That does suggest that they see themselves as Gods or at least prophets.  Maybe JP Morgan (the founding man not the bank) Could call himself a financial prophet (full of himself) but ever since the bank has been more of a financial black hole

Interesting article!

Checkout @cryptobroye for more bitcoin info and analysis. Im sure there's a lot we can learn from each other!

Very good find, thanks for the share

Interesting article! Checkout @cryptobroye for more bitcoin info and analysis. Im sure there's a lot we can learn from each other!