BREAKDOWN: JPMorgan's Bitcoin Journey – From 'Worse Than Tulips' to 'Not My Cup of Tea' to New Product

Sources say JPMorgan’s new actively managed bitcoin product will be available this summer.

This episode is sponsored by Nexo.io and NEAR.org.

Today on the Brief:

Sports and crypto come togetherWTF is going on in Turkey?Wyoming DAO law 

Our main discussion: After years of CEO Jamie Dimon ragging on bitcoin, JPMorgan is reportedly set to offer a new actively managed bitcoin product. In this episode, NLW looks back at Dimon’s comments on BTC and how things have changed over time. 

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Nexo.io lets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.

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NEAR.org - Infrastructure for innovation. NEAR is an open-source platform that accelerates the development of decentralized applications overcoming high fees and slow speeds with its fast, scalable, low-cost, and climate-neutral blockchain protocol. One transaction on NEAR consumes about 1300x less carbon than a similar transaction on other chains.

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Join thousands of newsmakers and influencers talking the future of money at Consensus 2021, a live virtual experience from CoinDesk. (Use discount code "BREAKDOWN" to save $25!) 

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Image credit: Jin Lee/Bloomberg/Getty Images

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