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.
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.
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.