“A new report by US-based multinational financial services company JPMorgan issued a sharp critique of bitcoin and other digital currencies.  The eight-page report, authored by the company’s head of global FX strategy, John Normand, aimed to present the ‘risks and opportunities’ posed by bitcoin.  However, throughout the text, Normand puts much of his focus on the former category.  Most notably, Normand suggests that bitcoin is ‘vastly inferior to fiat currencies’ on several counts, and that it is unlikely to ever be afforded the status of legal tender by world governments. The later quality, Normand says, casts the most doubt on bitcoin’s future.”

http://www.coindesk.com/jpmorgan-report-bitcoin-inferior-fiat-currency/

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