$1M Bitcoin Will Force JPMorgan to Wyoming for Safety — Caitlin Long

JPMorgan would have to move to Wyoming to protect itself from million-dollar Bitcoin (BTC), one blockchain advocate has warned. Speaking on financial news show the Keiser Report on June 6, Caitlin Long, who’s been appointed to the Wyoming blockchain committee, argued that the state was now far ahead of New York on Bitcoin support.

In the future, she told host Max Keiser, Bitcoin may cost $1 million, which will bring new forms of legal problems for owners and financial institutions. Dimon has made a name for himself as a Bitcoin skeptic, but in recent years has stopped short of outright dismissal of the cryptocurrency.

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