JP Morgan Acts Bearish, But is The Leading Blockchain Employer in Finance

Despite the fact that JP Morgan’s CEO Jamie Dimon is a well-known critic of Bitcoin (BTC), it seems that his bank just can’t stay away from the blockchain. Compiling data from Indeed.com, JP Morgan is actually leading the entire financial sector in blockchain-related posts. Not only that, the bank is leading among blockchain employers, overall. However, blockchain-related jobs have been in a significant rut due to the bearish market conditions. Blockchain-related job listings have fallen 67 percent from February 2018 to February of this year. During this same time, the Bitcoin price has fallen around 63 percent. Interestingly, the number of jobs and the price of Bitcoin seem to be correlated. Despite the bearish market, JP Morgan has been actively hiring blockchain recruits. The expansion of its posts follows the release of its own JPM coin — which will facilitate transactions between clients and challenge the legitimacy of Ripple’s XRP coin. Other companies leading the blockchain employment race include consulting giants such as Deloitte and Accenture, as well as other technology firms like International Business Machines Corporation (IBM) and Cisco Systems, Inc. Despite its management’s pessimistic bluster and criticism against both the blockchain and Bitcoin in the past few years, the JP Morgan seems to be coming on strong to the idea that it wants to be the first to successfully implement this technology. By all estimates, it may be safe to say that the bank is experiencing a little FOMO (fear of missing out) over blockchain technology. Will JP Morgan grow to be the dominant bank in the blockchain sector? Or will Bank of America lead the race with its stockpile of blockchain-related patents? Let us know your thoughts in the comments below!