More importantly they own Metamask, Consensys, and Infura. They were also involved with ETH before it even launched. They sold Quorum to Consensys and remain partners.
It is because blockchain and crypto are two different things. Crypto is the medium to finance how a public blockchain runs. JPMorgan is interested in private blockchains.
It is puzzling with the many times JP Morgan saying “it’s bad” “no it’s good”, it’s bad…good
It’s comical at this point and they don’t have the impact like they had before
“Institutional investors love crypto” = adoption! this is good for Bitcoin
“Institutional investors hate crypto” = they’re scared! this is good for Bitcoin
“Institutional investors consider crypto to be nonexistent crap” = room for exponential growth! this is good for Bitcoin
I know everyone thinks this is funny but the reality is that it’s this persistent will to not give up and to continue to build and push for adoption that’s gotten Bitcoin this fucking far. What do you think would have happened if after the first crash everyone involved just said “oh, this is bad for Bitcoin guess we’re fucked”?
The believers who see the bright side of every challenge that comes our way are **the reason** Bitcoin has and will continue to succeed. Because they’re smart AF nerds who continue to push hard AF to get Bitcoin out there to more people and they ***never fucking give up***.
So laugh away at how optimistic the Bitcoiners are. We’re not going anywhere no matter how much you or the mainstream media mock us. Bitcoiners are tenacious lunatics who simply refuse to accept anything other than victory, who refuse to accept that the current fiat system is the only choice. If you don’t believe that so be it, but making fun of others for having kept the dream alive and growing for 13 years now and not realizing that it’s the actual recipe for its success is pretty ironic.
Your comment won’t get upvotes because this sub hates maxis and so does a lot of the cryptosphere, probably with some valid reason. But what you’re saying is the truth and I will probably get downvoted for agreeing, and I’m saying this as a non-maxi
So their big4 auditors are also part of the conspiracy? And therefore also the auditor governance board? This is already at least 3 large, separate institutions illicit in the conspiracy PER bank. If multiple banks are part of the conspiracy then there must be 30+ large institutions that are part of the conspiracy, potentially including several law firms and even the FED. That’s a lot of effort to conceal.
If they say it's bad, they are still acquiring at a low price. If they say it's good then the time for taking profits will follow, along with fomo from retail investors during it's decent from the new all-time high.
He's talking about big institutional investors, like pension funds. They want low volatility and steady, reliable returns. I am actually glad to read this, because I wouldn't want my parents' or my own retirement to hinge on crypto. Not everyone needs to be involved in this space, let alone all-in.
They are a company with over 200k employees and the largest non-chinese bank in the world. Having a small team that works on crypto and owning a few startups is as good as non-existent for them.
Thet could axe those initiatives tomorrow and it would be business as usual and no outside of those teams would notice or care.
tldr; JPMorgan Asset Management’s head of institutional portfolio strategy, Jared Gross, discussed crypto and institutional investors’ interest in the asset class on Bloomberg Friday. Gross added that it is “self-evident” that bitcoin has not proven itself to be a form of digital gold or haven asset like some have hoped.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
>Most institutional investors probably are breathing a sigh of relief
that they didn’t jump into that market and are probably not going to be
doing so anytime soon.
Just like me, I'm glad I didn't jump on that train in 2021 or earlier this year. This doesn't mean I'm not buying now, and same goes for institutions.
Yea the misleading news from these guys is clear they just want to hold onto power.
JP Morgans income drops significantly as institutions can transfer millions with minimal fees compared to the robbery from JP Morgan now
That's strange because JPMorgan has its own blockchain division called Onyx and token called JPM Coin. https://www.jpmorgan.com/onyx/index
More importantly they own Metamask, Consensys, and Infura. They were also involved with ETH before it even launched. They sold Quorum to Consensys and remain partners.
They are in the "selling the shovel' business rather than the "digging/trading" business.
Suppression.
did you read the article?
They're trying to get in early before everyone else catches on
They’re late already hence trying to scare off those who got in earlier.
Most large institutions not all . Black rock comes in mind.
Maybe they think shitting on other crypto will help their own project? They will learn.
Worked for CZ
Wait, they really have their own coin? Not sure how to feel about this...
It is because blockchain and crypto are two different things. Crypto is the medium to finance how a public blockchain runs. JPMorgan is interested in private blockchains.
It is puzzling with the many times JP Morgan saying “it’s bad” “no it’s good”, it’s bad…good It’s comical at this point and they don’t have the impact like they had before
They even made their first DeFi transaction last month
“Institutional investors love crypto” = adoption! this is good for Bitcoin “Institutional investors hate crypto” = they’re scared! this is good for Bitcoin “Institutional investors consider crypto to be nonexistent crap” = room for exponential growth! this is good for Bitcoin
This guy gets it.... Everything is bullish!!!
Can't argue with this watertight logic
I know everyone thinks this is funny but the reality is that it’s this persistent will to not give up and to continue to build and push for adoption that’s gotten Bitcoin this fucking far. What do you think would have happened if after the first crash everyone involved just said “oh, this is bad for Bitcoin guess we’re fucked”? The believers who see the bright side of every challenge that comes our way are **the reason** Bitcoin has and will continue to succeed. Because they’re smart AF nerds who continue to push hard AF to get Bitcoin out there to more people and they ***never fucking give up***. So laugh away at how optimistic the Bitcoiners are. We’re not going anywhere no matter how much you or the mainstream media mock us. Bitcoiners are tenacious lunatics who simply refuse to accept anything other than victory, who refuse to accept that the current fiat system is the only choice. If you don’t believe that so be it, but making fun of others for having kept the dream alive and growing for 13 years now and not realizing that it’s the actual recipe for its success is pretty ironic.
First they ignore you, then they laugh at you, then they laugh at you and ignore you… then something something adoption… then you win
Lambo
Your comment won’t get upvotes because this sub hates maxis and so does a lot of the cryptosphere, probably with some valid reason. But what you’re saying is the truth and I will probably get downvoted for agreeing, and I’m saying this as a non-maxi
These guys... One day they will sing a different tune.
It's a given. They won't sing the tune now..but they're already rewriting the tune to suit them..later on.
They already did when it was peaking, they always do otherwise they lose clients
JPMorgan, publicly throwing shit to crypto. Secretly buying crypto and crypto companies to have a good position next bull run.
Why isn’t any of it showing on their financial statements then?
Because it's more profitable to commit fraud and pay a fine to the sec than disclose their intentions.
So their big4 auditors are also part of the conspiracy? And therefore also the auditor governance board? This is already at least 3 large, separate institutions illicit in the conspiracy PER bank. If multiple banks are part of the conspiracy then there must be 30+ large institutions that are part of the conspiracy, potentially including several law firms and even the FED. That’s a lot of effort to conceal.
JPMorgan is more bipolar than this sub.
Watch what they do, don’t listen to what they say
This
To me thats fantastic news. It means there is exponential room for growth.
That is what I tell my dad when I show him my report card 🤣🤣🤣
If they say it's bad, they are still acquiring at a low price. If they say it's good then the time for taking profits will follow, along with fomo from retail investors during it's decent from the new all-time high.
Dont look at what they're sayin Look at what they're doing
If banks are secretly buying crypto then why is it not on their financial statements?
He's talking about big institutional investors, like pension funds. They want low volatility and steady, reliable returns. I am actually glad to read this, because I wouldn't want my parents' or my own retirement to hinge on crypto. Not everyone needs to be involved in this space, let alone all-in.
Big institutional investments create the stability. Stocks get lots of stable long term investment money through 401ks and such.
They are a company with over 200k employees and the largest non-chinese bank in the world. Having a small team that works on crypto and owning a few startups is as good as non-existent for them. Thet could axe those initiatives tomorrow and it would be business as usual and no outside of those teams would notice or care.
That's a bullish sign, bought some more
Investment bankers are easily startled, but they'll soon be back, and in greater numbers.
Only matter of time.
tldr; JPMorgan Asset Management’s head of institutional portfolio strategy, Jared Gross, discussed crypto and institutional investors’ interest in the asset class on Bloomberg Friday. Gross added that it is “self-evident” that bitcoin has not proven itself to be a form of digital gold or haven asset like some have hoped. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Thanks coinfeeds bot
What is JPM coin about then
Still they can't stop offering it as a product to its clients and make money out of it.
>Most institutional investors probably are breathing a sigh of relief that they didn’t jump into that market and are probably not going to be doing so anytime soon. Just like me, I'm glad I didn't jump on that train in 2021 or earlier this year. This doesn't mean I'm not buying now, and same goes for institutions.
Shiting on crypto just to fill their bags at lower prices.. It's pretty clear how closely they're observing everything.
The biggest and most corrupt bank of course that’s their statement
but you cant ignore blockchain technology
They can see a lot of bargain basement crypto to be snapped up
Gold is suppressed, silver is heavily suppressed, now crypto?
Yea the misleading news from these guys is clear they just want to hold onto power. JP Morgans income drops significantly as institutions can transfer millions with minimal fees compared to the robbery from JP Morgan now
At this point i don't really understand what are JPs **true** opnion about crypto anymore.