We should not always trust what people say, and there is no better example of this than the current saga of banks and Bitcoins.
This week head of JP Morgan came out to call Bitcoin a fraud which will explode. The irony is, it turns out that banks including JP Morgan and their insiders are investing into Bitcoins like crazy.
1. JP Morgan is buying Bitcoins
On September 15th, JP Morgan Ltd bought roughly 3 million euros worth of Bitcoin XBT shares! Bitcoin XBT shares are equity investments like shares.
That is not all; aside from JP Morgan - Goldman Sachs and Barclays made up the largest buyers of Bitcoin XBT!
There are still countless other banks investing into Bitcoins like crazy.
2. Former Managing Director of JP Morgan Chase
Tom Lee is the head of research of Fundstrat Global Advisors and former managing director of JP Morgan Chase.
In these times of much uncertainty for Bitcoins, he was actually come out to declare that Bitcoins will reach $25,000 in five years!
This is a former JP Morgan managing direct telling us Bitcoin will recover from its current challeneges and make it to $25,000 in just five years.
3. Jamie Dimon's own daughter invests into Bitcoins
Yes. Despite all his hatred for Bitcoins, Jamie Dimon's own daughter is a Bitcoin investors. She does own Bitcoins, and it makes his father want to sue someone.
Perhaps his daughter is responsible for his hatred of Bitcoins, we explored that possibility in a recent report.
What do you think? See our recent report;
Greedy bastards..
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STOPVery good article. I was about to start a similair discussion. The quality coins are here to stay and it's like buying in at the S&P 500 50 years ago. Cryptos will fall and rise at a more rapit phase any investment market has ever seen. Just hold (literaly) and enjoy the ride. I was researching a way to do better investment analysis on the current cryptos. This is quite an interesting website I found: https://www.coincheckup.com Supposingly they researched every crypto coin in the scene based on: the team, the product, advisors, community, the business and the business model. They even score the coins stengths. For example: https://www.coincheckup.com/coins/Bitcoin#analysis To check Bitcoin Detailed analysis