@alexanderelorenzo: For nearly a decade Jamie Dimon called Bitcoin a fraud. He said he'd fire any JPMorgan trader caught buying it. The same bank just quietly took over the $13 trillion repo market using blockchain. On May 12, Bloomberg confirmed JPMorgan is running production-scale repo settlements on its own blockchain, Kinexys. $5 to $7 billion a day. $3 trillion in cumulative volume. Settlement down to one minute. BlackRock, Qatar National Bank, and hundreds of institutional users on five continents are already settling Treasury operations on it. The same firm that called Bitcoin a fraud is now the world's largest operator of blockchain financial infrastructure. You weren't supposed to notice. Follow for the next breakdown.