But also JP Morgan has their own crypto offering, Onyx.
Unfortunately, it doesn’t appear to have a clear USP. I’ve always thought it more like Ripple than Bitcoin, as Onyx’s developers focused on real time transaction clearance. But, then again, Bitcoin offers real time clearance via The Lightening network. So again, we’re left asking why has JP Morgan developed their own crypto?
And now that The Fed and other Central Banks are experimenting with CBDCs and signalling they intend to launch, it’s less and less clear what need there would be for privately owned cryptos such as Onyx.
SO he bad mouths Bitcoin.