Come On Jamie, Light My Fire

The time to hesitate is through. This morning, in the latest indication of cryptocurrency going mainstream, a multi-currency wallet project took out a full-page advertisement in The Wall Street Journal. “Maybe Jaime will fire you. But, you’ll be free to trade in the crypto-world,” the ad reminds readers.

Of course, the Jamie in question is none other than Jamie Dimon, CEO of JP Morgan Chase. Dimon made headlines last month when he declared bitcoin to be a “fraud” and threatened to fire employees for trading the popular cryptocurrency. As of publication, bitcoin is trading at $4,900, according to CoinMarketCap.

While financiers and bankers alike remain skeptical, over the course of 2017, token offerings (ICOs) have attracted billions of dollars of investment and cryptocurrency has drawn increasing regulatory scrutiny across the world.