Well a former 'queen of wall street' called Blythe Masters is mucking about at Digital Asset Holdings at the moment. She (apparently) left JP Morgan some years back, taking the blame for JP Morgan running wild on derivatives in the late 1990s and 00's.Disturbing to hear Fed Chairman Jerome Powell warning Facebook not to go ahead with its Libra cryptocurrency until issues have been addressed. Bitcoin is down 12% on this. Clearly the financial elites and the bankers are trying to quence the new financial revolution. The future will be libertarian.
I reckon she is still working for JP Morgan on the quiet. And is only at Digital Asset Holdings on behalf of Morgan, trying to work out how they can absorb this disruptive technology.
And of course Jamie Dimon, the current head-narcissist at the bank, is often in the press wailing loudly about how blockchain and cryptocurrencies are the work of the devil.
Whereas of course packaging up shyte and risky derivatives, getting analysts to rate it triple A and flogging it on is hugely ethical of course.
JP Morgan are certainly sh*tting bricks about the disruptive implication of blockchain and cryptocurrency for the 'traditional' investment and retail banking sector.
That's fairly obvious.