BITCOIN

Scottex99

https://news.bitcoin.com/after-the-boss-calls-bitcoin-a-fraud-jp-morgan-buys-the-dip/

https://finance.yahoo.com/news/people-thought-caught-jpmorgan-buying-183900306.html

I was googling whilst typing my reply (to double check I hadn't made it up or been told it by 5 people with the same agenda).

It doesn't matter, Jamie Dimon doesn't care what I think.

But he did say Bitcoin was a fraud which clearly is not true if JPM end up having institutional flows related to BTC ETFs in some way or another. Or they interact with BTC with their assets. Or if they even allow their clients funds to move to 3rd parties to buy BTC......?

MeteredOut

Scottex99 said:

https://news.bitcoin.com/after-the-boss-calls-bitcoin-a-fraud-jp-morgan-buys-the-dip/

https://finance.yahoo.com/news/people-thought-caught-jpmorgan-buying-183900306.html

I was googling whilst typing my reply (to double check I hadn't made it up or been told it by 5 people with the same agenda).

It doesn't matter, Jamie Dimon doesn't care what I think.

But he did say Bitcoin was a fraud which clearly is not true if JPM end up having institutional flows related to BTC ETFs in some way or another. Or they interact with BTC with their assets. Or if they even allow their clients funds to move to 3rd parties to buy BTC......?

Thanks. In summary:

One senior JPM guy gave his (less than glowing) opinion on bitcoin.

Some JPM staff execute trades on notes that track the price of BTC, on behalf of their clients.

A few thousand people on social media go crazy.

So, not "caught" doing anything then.

Scottex99

The senior guy. 

He doesn't need to backtrack and he wont, but it's not a fraud as his bank would therefore be nowhere near it?

Or do bankers do fraudulent stuff a lot?




Moving on, see you at $50k tomorrow afternoon when these things get approved, NFA

MeteredOut

Scottex99 said:

The senior guy. 

He doesn't need to backtrack and he wont, but it's not a fraud as his bank would therefore be nowhere near it?

Or do bankers do fraudulent stuff a lot?




Moving on, see you at $50k tomorrow afternoon when these things get approved, NFA

I wasn't passing comment on the senior guy's views or on the morality of banks, but more-so the apparent need by many in the crypto world to, paradoxically, try to both invalidate traditional banks as dinosaur ponzi schemes whilst at the same time trying to use those banks to validate crypto by suggesting they are making trading decisions to buy it.

Good luck with your $50k target

To the moon. #HODL

Scottex99

Haha that’s more like it!

True, I get the paradox, and there will be plenty of BTC maxis cringing at the ETFs despite the likelihood of them being approved pumping their bags.

This is going to look like a complete set up now but I started this walking to work and just finished it walking back, having no idea they would mention Dimon in it.

Worth a listen , not too high level, ofc it’s two pro crypto people discussing but also describes their “eureka” moments where they decided it could be a real thing 

https://open.spotify.com/episode/7tsDJbtcWxnJILOiJuFTFh?si=UnXAI38dR32G_g2gI-r-QQ

joep2

Interesting discussion, not sure many are aware that a senior JP Morgan exec is behind the crypto project RQRX (formerly RVP). RVP tokens were traded until late last year before the contract was paused as part of their migration to RQRX.

https://rsquared.digital/

MeteredOut

Scottex99 said:

Moving on, see you at $50k tomorrow afternoon when these things get approved, NFA

Surprised this was not posted:

https://www.reuters.com/technology/bitcoin-etf-hopefuls-still-expect-sec-approval-despite-social-media-hack-2024-01-10

Never reached $50K though, even after the SEC twitter announced the news, took it down stating it was apparently hacked, then the site was "recovered", and then the SEC did announce the news.

I suspect quite a few made some $ on the bounce due to the "hack"

But, the announcement hasn't really changed the recent price and it looks like it was already priced in. Almost like a real investment

Scottex99

Ha, just came on to post similar.

Tuesday was the "compromised" tweet which Gensler then had to tweet from his own account saying the SEC twitter was hacked.

Yesterday they announced it on their website, then deleted the link for about 30 mins then reposted it saying all were approved, clowns.

What's interesting is weeks ago an "intern" from Cointelegraph did similar and there was massive price action until it was disproved, Then two nights ago the same. Then last night....not much.

It did get near $49k earlier. Officially it's just speculation anyway until the actual funds start to flow in through each ETF. Apparenlty $2.5bn today but I've not looked into how legit.

https://blockworks.co/bitcoin-etf

joep2

Are these bitcoin ETFs available to UK investors?

Scottex99

Through a US broker maybe?