Wall Street divided, but Bitcoin continues its disruption

prototype-bitcoin-1000Whilst many Wall Street names, like the infamous Wolf of Wall Street Jordan Belfort, are supportive of JPMorgan CEO Jamie Dimon’s sceptical views on Bitcoin, there are several prominent figures voicing new support.

Morgan Stanley CEO James Gorman states that Bitcoin is not a “fad”, Fidelity Investments CEO Abigail Johnson states that her company, one of the largest investment firms in the world with US$2.3 trillion in managed assets, is now mining the virtual currency, and the IMF Chief Christine Lagarde confirms that it “may not be wise to dismiss virtual currencies”.

Goldman Sachs is still on the fence, all the while seeking to create a Bitcoin and Ethereum trading platform for clients. It seems that Bitcoin becomes more prominent regardless of news of opposition or support, and its influence in the financial sector continues to grow.

Read more: Business Insider / Bloomberg / Bloomberg (2) / The Guardian / TechCrunch / Fortune / Fortune (2)

Image: BTC Keychain / CC-BY 2.0

This story is taken from the 6 October 2017 edition of The Warren Centre’s Prototype newsletter. Sign up for the Prototype here.