Oh dear readers, another day, another reversal.

Remember when Jamie Dimon was asked about Bitcoin and cryptocurrency in general? No? Here’s a refresher, he called it a scam. Not long ago either, August 2018.

Well flash forward six months and JP Morgan has announced it is launching “JPM Coin”, touting it as the first US-bank backed cryptocurrency.

Once again we must watch what these financial giants do, despite what they say. It’s been common knowledge that all the major banks have spent money putting together blockchain teams and diving into researching “digital assets”.

Color us as not surprised at Crypto Mouse, and rest assured, we will not be pouring any money into “JPM Coin” anytime soon.