Feeling the heat from employees, Wall Street banks get closer to adopting bitcoin

Pressure is building on Wall Street banks to accept bitcoin as a legitimate asset class – and it's coming from within, CNBC has learned.Last month, during a town hall meeting held for thousands of JPMorgan Chase traders and sales personnel around the world, global markets head Troy Rohrbaugh acknowledged a question that is increasingly being asked by the bank's own employees: When will they get involved in bitcoin?To answer that question, Rohrbaugh, who had logged into the Jan. 18 Zoom call from his New York office, brought on his boss, JPMorgan co-president Daniel Pinto, according to people with knowledge of the meeting.In a response that took up a chunk of the hour-long call, Pinto signaled he was open-minded about bitcoin, said the people, who declined to be identified speaking about an internal event.When asked later by CNBC to clarify his remarks, Pinto, who leads the world's biggest investment bank by…

Read the original article here

IF YOU LIKED THIS ARTICLE CLICK SHARE