JPM says CBDCs likely to threaten U.S. monetary hegemony

The past week saw Goldman Sachs and JPMorgan, two traditional finance investment banks, discuss cryptos, their identities as an asset class, and CBDC’s potential threat to the U.S. dollar. Dr. Marc J.J. Fleury, CEO of fintech firm Two Prime, discusses the following topics this week, with full commentary below.Q1 2020 hedge fund letters, conferences and moreGS: Crypto is not a real asset —In a recent investor call, Goldman Sachs spoke about how bitcoin and other coins were unsuitable for investment, with BTC’s run likened to that of the Tulip mania back in the 1600s. When it seems so obvious th…

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