JP Morgan Chase are participating in 5 categories of cryptocurrency. Jamie lies!

[tranthidung]

The table screenshot is taken from Bitwise's Crypto Market Review Q4 2023. You can click on the link to download the report. If you only need to read an abstract of it, read there.

JPMorgan Chase is an institution which are participating in all categories: Crypto Trading and Custody, Private Crypto Funds, Crypto ETFs, Crypto-Enabled Payments, Tokenization.

By pointing this out, I would like to show you how deep JP Morgan Chase engaged in cryptocurrency market so that you can see how their CEO Jamie Dimon told us something oppositely. He lies, the table shows that.

Note:

• It was posted first in that topic, on Bitcointalk
• I leave the source link to avoid plagiarism accusation.
• I excluded/ included minor things from an original thread ^{if necessary}.

[TomPluz]

JPMorgan Chase is an institution which are participating in all categories: Crypto Trading and Custody, Private Crypto Funds, Crypto ETFs, Crypto-Enabled Payments, Tokenization.

By pointing this out, I would like to show you how deep JP Morgan Chase engaged in cryptocurrency market so that you can see how their CEO Jamie Dimon told us something oppositely. He lies, the table shows that.

Jamie Dimon is a man that should not be trusted with things he is commenting on. I understand that he is a well-known figure in the banking and financial sphere but he is always a man of complex nature. He can be saying this but behind his words there lies another story and if you are not careful he can be taking you a ride that you don't want to. Jamie has had been a very prominent personality even before when he was then very skeptical on Bitcoin and its value until such time that his financial firm realized that they are missing something if they gonna let cryptocurrency opportunity go by without staking their claims and so JP Morgan Chase got friendly with Bitcoin...just telling us that sharks know where the blood is. When they realized they could not anymore fight Bitcoin, they changed their tune and made a 180% degree turnaround...never mind if they got caught red-faced the most important thing is to make money with Bitcoin. And with the coming of ETFs on the market, JP Morgan would not allow themselves not to be a player in the market, never mind what Jamie Dimon is saying.

[Faisal2202]

OMG he is playing smart, making fools of us, or I should say manipulating the minds of his followers, I don't actually follow him or take his statements for granted, even on BTT many times I have to see that members are curious about what he POV he has about BTC but I kinda don't give any importance to his views about BTC. Because he is not the real owner, he is not controlling it so why do we link him with BTC in a way that he has the most influence on BTC then anyone else?

OK, I got it he has a company that invested a lot of money into BTC so what, we only have to see small ups and downs and they will also be for a temporary time. In the long run BTC don't need people like this, but still thanks for sharing this news, next time I will keep this report (also) in mind whenever I have to share my POV on topics like these.

[SamReomo]

It isn't plagiarism because you're the one who created that thread on Bitcointalk and now you posted it here. JPMorgam chase want to be all rounder but I don't think that their CEO is trustworthy at all.

Although, we can't neglect that how intelligent that guy is but I'm very sure he can be trusted because he knows the art of lying.

If he continue with such lies then I don't think that anyone will trust him anymore. I personally don't care about that guy but the information he gives is mostly based of lies so it's better to avoid it.

[ZAINmalik75]

This is shockingly excited news for me, I know businessmen lies or cover truths by thinking they are not lying but we should really do manual research before agreeing with their statements. I know JP Morgan must have a interest in cryptocurrency even if he don't like it, he have to accept it use it for the sake of the clients. People want some of there shares in BTC ETF. And client satisfaction is necessary.

Other than this, thanks for sharing the report it is helpful but in the long run these big companies pose a threat to the BTC value, because in past BTC value was influenced by 1 to 4 billions of dollars but now huge amount of dollars is being coming and going out of the cryptocurrency especially BTC and it is not showing such big results that it used to show in the past.

[joniboini]

what he POV he has about BTC but I kinda don't give any importance to his views about BTC. Because he is not the real owner, he is not controlling it so why do we link him with BTC in a way that he has the most influence on BTC then anyone else?

I believe we are not the target of his message. I'm pretty sure he is smart enough to realize that some people will try to dig into whether his company participates in the market or not, so he clearly knows that a minority of people will call him hypocrites, etc. The target of his message is the average joe who still doesn't believe in crypto, or never heard about it in the first place so that he can make sure they won't buy his company bags too soon. At the end of the day, those big companies need retail as an exit liquidity. If that is not the case, then I'd be surprised why he talks a lot on social media.

This is shockingly excited news for me, I know businessmen lies or cover truths by thinking they are not lying but we should really do manual research before agreeing with their statements. I know JP Morgan must have a interest in cryptocurrency even if he don't like it, he have to accept it use it for the sake of the clients. People want some of there shares in BTC ETF. And client satisfaction is necessary.

I don't think a company like this cares about something trivial like that. If it can make money, they will try to dabble in that market. Profit is the only thing that matters to them anyway.

[Faisal2202]

At the end of the day, those big companies need retail as an exit liquidity. If that is not the case, then I'd be surprised why he talks a lot on social media.

That actually a good reason you have mentioned, but the market has a lot of liquidity, and people are eager to enter into the market. But I still think your answer makes a lot of sense. Either he wants every joe to hate the crypto market so they won't enter into it and start investing because it will also help his firm make money. But when people will come to know that he was investing while asking people not to, they will feel distrust.

I don't think a company like this cares about something trivial like that. If it can make money, they will try to dabble in that market. Profit is the only thing that matters to them anyway.

I can't agree more with you, profit might be the only reason they have adopted BTC at the first place, or maybe they thought all of there competitors are adopting it so we should also do the same. And thus they were left with no other choice. There would be any reason, but we should not seek for the reasons, instead, I think we should not even give that much thought to it also haha.