JP Morgan: Institutional adoption of Bitcoin only beginning

the New York based bank reiterates earlier comments about Bitcoin going mainstream. About a one minute read.

Comment: JP Morgan seems to have morphed from one of Bitcoin’s strongest detractors to a full on supporter. While the trend of capital leaving gold and moving to Bitcoin has been well documented, keep in mind diversification is key, so I do believe there is room for both assets (as well as silver, property and, of course, dividend paying stocks). And not to worry if you don’t already own Bitcoin, while the best time to buy some while 2010, the next best time is now.