JPMorgan Now Says Bitcoin (BTC) Is Significantly Undervalued (Huge Turn around)

[cabron]

I still remember when this stupid bank owner is spitting useless criticisms regarding Bitcoin. It was 3 years ago.

Now he is doing the opposite already and added a Bitcoin Exchange in their banks. I know that some are happy that a huge name is supporting Bitcoin but if you will remember the things he said last 3 years ago then you might feel frustrated too.

Anyway it happened already. We have nothing to do right now but to be happy that a popular name is supporting Bitcoin. I just hope that his support will be long term and he isn't just supporting it because of the pandemic.

First, Jamie Dimon, the man you're probably referring to, is not the owner. He is just one of the shareholders. He doesn't make the decisions on behalf of JPMorgan.

Second, it sounds a bit awkward to call a billionaire stupid. Even the brilliant boys like you and me haven't made a single million dollar yet. Incidentally, there are also people calling Warren Buffet stupid because he is not convinced of Bitcoin. I don't know which among us are the real stupid. Coincidentally, Warren also partly owns JPMorgan.

Well that sort of explains it all. They all collab each other to consolidate thier influence but they now realize they can't beat the technology.

Warren still wants to portrait like he doesn't own BTC nor have interest to BTC after Justin Sun gave him one. But I'm not gonna be surprise soon if the two Jaime and Warren goingt to tweet asking everyone how to recover thier wallet password. 

[Sendoku]

Well that sort of explains it all. They all collab each other to consolidate thier influence but they now realize they can't beat the technology.

Warren still wants to portrait like he doesn't own BTC nor have interest to BTC after Justin Sun gave him one. But I'm not gonna be surprise soon if the two Jaime and Warren goingt to tweet asking everyone how to recover thier wallet password. 

Warren is too old for this shit though, his time's passed. Soon enough he'll forget a password for his brain as well

[Karartma1]

JP & friends are getting so confused here: clients and HNWIs keep asking exposure to crypto while JP & friends need to sell their toxic derivatives. Pandora's box got opened, no going back from here! Get your bitcoins while they remain cheap.

[DraGonD]

Even JPMorgan is bullish, nice for the industry

[coolcoinz]

Even JPMorgan is bullish, nice for the industry

Not really. They are known for market manipulation.
When they were bearish and Jamie was tweeting how he'd fire any employee caught trading Bitcoin, they were actually buying. There's a chance they're trying to pump the price past 10k and sell for a profit.
Anyway, they're right about it being undervalued. Bitcoin was pumping to 14k USD almost a year before the halving and is staying at 9k after? It should be at least at 15 by now.

[kryptqnick]

Interesting info. What do you think? BTC

JPMorgan Now Says Bitcoin (BTC) Is Significantly Undervalued (Huge Turn around)
https://www.youtube.com/watch?v=O-sQJPC0n2E&feature=youtu.be

Companies like JPMorgan represent the worst capitalism can offer. It's a highly influential and super-rich minority that messes things up (the world economic crisis) and get's caught doing illegal stuff (for instance, drugs and money laundering) but eventually gets away with it. They've been doing their best to make Bitcoin go down (probably to buy cheap) and are not talking about it being undervalued (perhaps to get a return on the investment). So taking all that into account, I don't feel happy their stance towards BTC seems more positive lately. Bitcoin was made to show that we don't need these manipulative capitalists, not to give them a chance to profit.

[Bttzed03]

~
So taking all that into account, I don't feel happy their stance towards BTC seems more positive lately. Bitcoin was made to show that we don't need these manipulative capitalists, not to give them a chance to profit.

Yeah, they can pump it anytime now and then sell slowly or dump. After the profit taking, they will create FUD once again and say that bitcoin is overvalued

Whether we like it or not, bitcoin became an investment asset and because it's a free market, anyone can take part. Institutional investors coming in is bound to happen and many have predicted that they'll join sooner or later. I also remember some time in 2018 reading posts from people hoping institutional investors to inject money into crypto because they can no longer endure the bear market.

[wojak]

yeah, so price will rise, then they will dump it all on us.
I don't believe neither JPMorgan or GS.
And as long as it will not appear on first pages of newspapers, and as long as media are not providing good narration for bitcoin - we should take it with big distance.

[DoubleEdgeEX]

GS drunken intern stil try to tell us it´s rubish but JP already changed their mind. It´s truly a clash of the titans, https://cryptoslate.com/clash-of-the-titans-jpmorgans-crypto-stance-could-offer-edge-over-goldman-sachs/ 

Even if Jamie Dimon secretly still hates BTC, they showed an unprecedented sense for developments outside their comfort zone

[tec3mac4h]

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https://www.techmachos.com/

[Tiews223]

Interesting info. What do you think? BTC

JPMorgan Now Says Bitcoin (BTC) Is Significantly Undervalued (Huge Turn around)
https://www.youtube.com/watch?v=O-sQJPC0n2E&feature=youtu.be

As I read in the news, back in 2019, JP Morgan did state that BTCs are fraudulent. Now, hae apparently changed his mind and now opened his bank to cater to bitcoins and cryptocurrency. I think this is good because well at least, the company and its management is open to progress in terms of services, to who it caters to and what products it provides. It’s really progressive and I think a little bit more time JP Morgan can expand more and more on his services.

[salamat700]

Interesting info. What do you think? BTC

JPMorgan Now Says Bitcoin (BTC) Is Significantly Undervalued (Huge Turn around)
https://www.youtube.com/watch?v=O-sQJPC0n2E&feature=youtu.be

As I read in the news, back in 2019, JP Morgan did state that BTCs are fraudulent. Now, he apparently changed his mind and now opened his bank to cater to bitcoins and cryptocurrency. I think this is good because well at least, the company and its management is open to progress in terms of services, to who it caters to and what products it provides. It’s really progressive and I think a little bit more time JP Morgan can expand more and more on his services.

While we may express some negativity on this turnaround, this is actually helping Bitcoin in some ways. One, it is offering more legitimacy to Bitcoin as far as the Wall Street is concerned. Two, this is cementing the credibility of Bitcoin as an important asset that many investors and traders should be involved with. Three, this can partly open up more markets to Bitcoin and cryptocurrency as the world right now can be looking for good alternatives where to invest their funds. Yes, two years ago I also express some discontent on JP Morgan but these days it is taken more as a friend to Bitcoin, though of course we must remember that these guys are doing things for profit.

[Little Mouse]

That turned long ago on their first statement. They have started their own type of cryptocurrency. Sometimes, I think all this people are the main market manipulator as the meme say, remember?

[Slow death]

they are following the wave, before they must have thought that most governments would ban bitcoin and for that reason if they spoke well about bitcoin it would be the same as becoming enemies of governments, but as yet they are not seeing any signs of many governments take tough actions against bitcoin, so they realized that bitcoin is an asset that is here to stay and is also an asset that is gaining a lot of attention, it all makes them also get on the wave