Bloomberg is outrageously reporting that the launch of JP Morgan’s new cryptocurrency is boosting bitcoin prices. It reveals an epic lack of understanding on the part of mainstream media and the financial industry at large. And it’s a disservice to those who rely on traditional financial media for trusted information. Bitcoin is getting a delayed boost from the announcement that JPMorgan has developed a digital coin to speed up payments between corporate customers ? https://t.co/L9eQ5YBxZ2 pic.twitter.com/mAvqXj8ZQe — Bloomberg Crypto (@crypto) February 19, 2019 The story credits weak analysis from Etoro analyst Mati Greenspan: “What some people have pointed to is
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