JPMorgan is leveraging blockchain technology to let clients program their accounts to automatically move funds in response to certain conditions—such as to cover overdue payments and margin calls.
"We will continue to move carefully, however, allowing us to address both the risk of being misled by a few good months of data and the risk of overtightening."
Some cracks are beginning to form in a jobs market that has been gradually normalizing, thanks to an improvement in labor supply over the past year and a tempering in the pace of hiring.
"To the extent that our Class A common stock is viewed as an alternative-to-bitcoin investment vehicle and trades at a premium to the value of our bitcoin holdings, that premium may be eliminated."