news

bitcoin

1 X bitcoin bitcoin =

Monday

21 June 2021

JPMorgan Struggles to Find 'Tangible Benefits' For El Salvador's Bitcoinization - Decrypt

JPMorgan Struggles to Find 'Tangible Benefits' For El Salvador's Bitcoinization - Decrypt


smart summary beta

On Wednesday night, El Salvador declared Bitcoin as legal tender.

For investment bank JPMorgan, the move to Bitcoin is no cause for celebration.

“There are clearly important implications for that country,” analysts wrote in a note today, “but it is difficult to see any tangible economic benefits associated with adopting Bitcoin as a second form of legal tender" alongside the US dollar.

Goto Full Article

bitcoin bitcoin price

$31440.00

24h

Live Average

bitcoin

News Article Sentiment

negative

Score (-0.4)

Article Metadata

author

site

decrypt.co
Market data feeds provided by cryptocompare.com
bitsmart 2021