Major crypto media and financial news are reproducing today a
Coindesk report on Square's investment on Bitcoin.
It describes a recent analysis by JPMorgan that reports Square Inc. Bitcoin investment as "
a strong vote of confidence for the future of Bitcoin". I tried to find this JPMorgan report but I couldn't find it. I looked at JPMorgan's website and other sources, perhaps it wasn't published on the internet, or I missed something. If someone has a link to this JPMorgan report or has a copy of it, this would be great to read it whole.
Other payment companies will also likely follow in Square's footsteps or risk getting shut out of a growing segment, the JPMorgan analysts wrote.
JPMorgan Chase Bank has been surprisingly favorable to Bitcoin lately and from one of the biggest enemies, with CEO
Jamie Dimon waging a war of words in previous years, now appears to have softened its stance.
Square also released what they call a "Bitcoin Investment Whitepaper", link to the pdf is
here.