J.P. Morgan coming up with a bible is the answer to people like Jamie Dimon and the people that follow their reports.
This is a full analysis of cryptocurrency.. a deep insight for the public that still questions how cryptocurrency is beneficial. Many people here in Africa are still rigid about cryptocurrency as many fraudsters have risen up in the name of cryptocurrency and stolen their money. Now they have a bad feeling on cryptocurrency, but now I feel I can guide them to such well researched reports for them to understand cryptocurrency at a deeper level.
Me too I've realised there is some knowledge I didn't know about steemit after reading this post especially the part of applications;

Applications

There are over 1,500 CCs with a market cap of $400bn. Transactions in the three largest CCs average $550bn per month and come mostly from individuals. Ownership is highly concentrated. The opportunity set around direct CC trading appears relatively limited for banks, while the two Bitcoin futures recently launched are seeing only $140mn in daily trading.
Blockchain saw its first expression through Bitcoin – the first CC – but is more likely to ultimately see its greatest application outside of CCs across other financial and non-financial transactions, even as Blockchain itself looks set to evolve fast as the market learns about what works best.
There is the potential for increased usage of Blockchain in cross-border payments, settlement/clearing/collateral management as well as the broader world of TMT, Transportation and Healthcare but only where any cost efficiencies offset regulatory, technical and security hurdles.
Hedge funds have been moving into this market making up most of the 175 CC funds but AUM remains only a few billion dollars. Asset managers are experiencing limited success in bringing products to market and have not been able to launch CC funds or ETFs without support from the SEC or major distributors.
While about half of the early CC transactions happened in the underground economy, the share of this is declining, with investing and speculation now taking a much larger share.

We are glad and grateful for J.P Morgan's research for it has a lot of people it's going to influence.
Thanks for sharing about the Bitcoin bible @zer0hedge