There is a reason those institutions are suddenly all stacking Crypto…
coinfeeds-bot on
tldr; Jamie Dimon, CEO of JPMorgan, expressed fear of a global recession due to geopolitical tensions in the Middle East and Ukraine. Despite JPMorgan’s use of blockchain, Dimon remains a critic of Bitcoin, labeling it a “pet rock” and a “fraud.” He warns of the risks associated with cryptocurrencies, including their potential use in illegal activities. Dimon highlights the current global crisis as unprecedented in his career, emphasizing the need for strong leadership from the US and its allies to navigate the challenges.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
pepelaughkek on
Anyone who thinks BTC isn’t tied to other markets is delusional. People will mass sell crypto for fiat when they can’t afford food and rent during a global recession, just like stocks. People aren’t stacking sats. They’re stacking cash to buy the bottom. Warren Buffet is no fool, and when you see him liquidating all his positions, you should be too, and that includes crypto.
lordinov on
He should move all of jpmorgan company assets to Bitcoin
middlemangv on
Ah god dammit, first covid, then wars, now global recession… When do I get to have some hookers and cocaine??
[deleted] on
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Mr_Notacop on
this just in the boogie man says ooga booga. who cares what this dude has to lie about
7 Comments
There is a reason those institutions are suddenly all stacking Crypto…
tldr; Jamie Dimon, CEO of JPMorgan, expressed fear of a global recession due to geopolitical tensions in the Middle East and Ukraine. Despite JPMorgan’s use of blockchain, Dimon remains a critic of Bitcoin, labeling it a “pet rock” and a “fraud.” He warns of the risks associated with cryptocurrencies, including their potential use in illegal activities. Dimon highlights the current global crisis as unprecedented in his career, emphasizing the need for strong leadership from the US and its allies to navigate the challenges.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Anyone who thinks BTC isn’t tied to other markets is delusional. People will mass sell crypto for fiat when they can’t afford food and rent during a global recession, just like stocks. People aren’t stacking sats. They’re stacking cash to buy the bottom. Warren Buffet is no fool, and when you see him liquidating all his positions, you should be too, and that includes crypto.
He should move all of jpmorgan company assets to Bitcoin
Ah god dammit, first covid, then wars, now global recession… When do I get to have some hookers and cocaine??
[removed]
this just in the boogie man says ooga booga. who cares what this dude has to lie about