** this is not financial or legal advice***

The CEO of JP Morgan has been a very outspoken critic of bitcoin. It has been said, and seems a pretty reasonable conclusion, that he was purposely manipulating the price of bitcoin and other crypto currencies for either personal or professional gain. At the same time making sure to let everyone know that he feels bitcoin is a scam. Then we find out the JP Morgan has developed JP Morgan Coin, a cryptocurrency that uses blockchain tech. This all seems very fishy. But, what is JPM Coin and why would JP Morgan make something they seemingly were so against?

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