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Darker45
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April 28, 2021, 04:50:02 AM |
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Let us better wait for the official announcement itself before we will call this a big news. This is still considered rumor for now. A rumor coming from unnamed sources is no big news. JPMorgan itself hasn't yet issued a single statement regarding this.
Moreover, if this is true, this only involves a financial product based on Bitcoin's price which is exclusively offered to the bank's selected clients. Not the kind of big news that everybody is excited to hear but still a nice development just the same.
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Kemarit
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April 28, 2021, 04:56:10 AM |
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So now the tide has turn, last week its more of negative news, now, we've seen positive news around that can push the market again to $60,000.
In any case regarding this, JPMorgan, just like other big banks, can't ignore the fact that bitcoin is one of the best assets around, so sooner or later they will have to offer it to their selective clientele to have a feel on what bitcoin investment is, so let's see how it goes.
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Lorence.xD
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April 28, 2021, 05:22:21 AM |
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Have to be careful about this one, Jamie Dimon, the CEO of JPMorgan is a big opposition of bitcoin and it is not your coins and you really don't have a coin when you invest in them, there were some clauses that were present in traditional investment that were removed from the bitcoin fund. Some financial Youtubers have covered this and they all worry about it.
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mk4
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Paldo.io 🤖
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April 28, 2021, 05:34:48 AM |
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Let us better wait for the official announcement itself before we will call this a big news. This is still considered rumor for now. A rumor coming from unnamed sources is no big news. JPMorgan itself hasn't yet issued a single statement regarding this.
Moreover, if this is true, this only involves a financial product based on Bitcoin's price which is exclusively offered to the bank's selected clients. Not the kind of big news that everybody is excited to hear but still a nice development just the same.
Definitely a rumour, but at this point, I wouldn't be surprised if it ended up being true. JP Morgan did a full backpedal from Jamie Dimon calling Bitcoin a fraud, to regretting calling bitcoin a fraud, and now this. Whatever Jamie Dimon's opinion is right now, they would add Bitcoin to their platform is they'd want to make more money(which is the main goal of pretty much any business). |
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hd49728
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April 28, 2021, 05:41:50 AM |
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Have to be careful about this one, Jamie Dimon, the CEO of JPMorgan is a big opposition of bitcoin and it is not your coins and you really don't have a coin when you invest in them, there were some clauses that were present in traditional investment that were removed from the bitcoin fund. Some financial Youtubers have covered this and they all worry about it.
Jamie Dimon does not hate Bitcoin. What he said years ago and now are only his presentations that he and JP Morgan have big interest in Bitcoin. Their public statements change over times. Statements are different in bull and bear market from which you can conclude something, can't you? I don't care much with statements from financial influencers. They can use their tweets, new releases for their interests. Even if they say something bad about Bitcoin, why do we have to care about them? If you consider those people as from old generation, the elderly with distorted and outdated thoughts about revolutionized digital currencies and blockchain technology, you will easily to ignore their thoughts. Be yourself and believe in what you believe in and love. If you love and believe in Bitcoin, keep it going. |
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Darker45
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🙏🏼Padayon...🙏
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April 28, 2021, 06:38:33 AM |
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Let us better wait for the official announcement itself before we will call this a big news. This is still considered rumor for now. A rumor coming from unnamed sources is no big news. JPMorgan itself hasn't yet issued a single statement regarding this.
Moreover, if this is true, this only involves a financial product based on Bitcoin's price which is exclusively offered to the bank's selected clients. Not the kind of big news that everybody is excited to hear but still a nice development just the same.
Definitely a rumour, but at this point, I wouldn't be surprised if it ended up being true. JP Morgan did a full backpedal from Jamie Dimon calling Bitcoin a fraud, to regretting calling bitcoin a fraud, and now this. Whatever Jamie Dimon's opinion is right now, they would add Bitcoin to their platform is they'd want to make more money(which is the main goal of pretty much any business). It is probably true. After all, banks taking part in the Bitcoin story is kind of inevitable. It is just a matter of time before all these giant banks are drawn toward Bitcoin, some to take advantage of its growth and make money, and some out of the conviction that Bitcoin is indeed fundamentally sound as a currency or store of value. Jamie Dimon remains unconvinced of Bitcoin until today but, as you've said, it is about business. Whatever the clients demand, for as long as it is profitable and legal, the CEO will have to give way for some favorable and timely changes. |
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dansus021
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April 28, 2021, 06:54:16 AM |
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So now the tide has turn, last week its more of negative news, now, we've seen positive news around that can push the market again to $60,000.
In any case regarding this, JPMorgan, just like other big banks, can't ignore the fact that bitcoin is one of the best assets around, so sooner or later they will have to offer it to their selective clientele to have a feel on what bitcoin investment is, so let's see how it goes.
just like the roller coaster ride but yeah i still hope more good news coming till bitcoin reach new ATH |
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avikz
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April 28, 2021, 07:03:17 AM |
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It's not official yet. I have checked the press releases of JPM Chase but couldn't find anything related to this one, https://www.jpmorganchase.com/ir/newsSo I believe it is just either a speculation or a news from some senior official of JPM Chase. If indeed it becomes true, I don't think that is going to impact the bitcoin market in any financial way because I highly doubt that they will invest in bitcoin directly. Rather they will choose some bitcoin linked fund or derivative instruments. Let's wait for the official news! |
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Assface16678
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★Bitvest.io★ Play Plinko or Invest!
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April 28, 2021, 07:13:03 AM |
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just like the roller coaster ride but yeah i still hope more good news coming till bitcoin reach new ATH
I hope that this rollercoaster that you are pertaining to is only going to go up and only have mild dips because I am sure that FUDs will spread like wildfire when it goes down real fast and users are once again going to get their faiths tested. My question is whether the clients have a bitcoin or their own address if they invested in it? |
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Poker Player
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April 28, 2021, 09:07:44 AM |
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It's not official yet. I have checked the press releases of JPM Chase but couldn't find anything related to this one, https://www.jpmorganchase.com/ir/newsSo I believe it is just either a speculation or a news from some senior official of JPM Chase. If indeed it becomes true, I don't think that is going to impact the bitcoin market in any financial way because I highly doubt that they will invest in bitcoin directly. Rather they will choose some bitcoin linked fund or derivative instruments. Let's wait for the official news! In theory, if the journalists have done their job well, they should have the news confirmed by two independent sources, even if JP Morgan has not officially announced it. Whether they have confirmed the news well is another matter. In any case, it is along the lines we are seeing lately of Bitcoin normalization. |
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Lorence.xD
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April 28, 2021, 09:18:10 AM |
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~
Jamie Dimon does not hate Bitcoin. What he said years ago and now are only his presentations that he and JP Morgan have big interest in Bitcoin. Their public statements change over times. Statements are different in bull and bear market from which you can conclude something, can't you? What are you talking about? You are good with people that changes their opinion depending on the landscape of the situation. Did you have a look at the investment fund that they offer? The client doesn't have a bitcoin when they invest their, it's like a bond or something where you can't have any control as to what they are going to do. |
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blue_nexus15
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█ J A X N E T W O R K █
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April 28, 2021, 09:43:14 AM |
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It's not official yet. I have checked the press releases of JPM Chase but couldn't find anything related to this one, https://www.jpmorganchase.com/ir/newsSo I believe it is just either a speculation or a news from some senior official of JPM Chase. If indeed it becomes true, I don't think that is going to impact the bitcoin market in any financial way because I highly doubt that they will invest in bitcoin directly. Rather they will choose some bitcoin linked fund or derivative instruments. Let's wait for the official news! In theory, if the journalists have done their job well, they should have the news confirmed by two independent sources, even if JP Morgan has not officially announced it. Whether they have confirmed the news well is another matter. In any case, it is along the lines we are seeing lately of Bitcoin normalization. I think it will. NYDIG appears to be allowed to host this bitcoin fund. Of course, it hasn't been officially announced yet, but this source seems seriously leaked. It will be different from the recent FUD. The problem is that the "limited amount" of the fund is still not well informed. That will probably be the reason that the excitement will take place in the near future. |
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Hughes_Ryan
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April 28, 2021, 10:04:14 AM |
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Well, it looks like this is good news and indeed has the power to arouse the value of bitcoin after a series of bad news last week. Bitcoin has recovered close to $ 10k in 2 days from 46k. JP Morgan could announce it in May or June. Bull run version 2 may have started. If it is official, the result will be the new ATH. I also believe so! |
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boyptc
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April 28, 2021, 10:45:02 AM |
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Who still remembers what JP Morgan is like before? well, the past is past and we're in a different year now and have to move on.  But as I check with the other articles, their offer is only for those wealthy clients. |
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elisabetheva
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April 28, 2021, 10:54:45 AM |
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This news of JP Morgan's adoption of Bitcoin as an investment fund follows the china central bank's approval of bitcoin as an investment in China. This I believe is the major push to the current bitcoin price recovery this week, considering how deep the bitcoin price corrected back to in the previous week.
it may or may not be true, because we know that what almost all analysts say is always only to give encouragement that is not necessarily what is said is something that is proven correctly. but everyone knows that anyone can do something like that what makes the difference is that he is someone who is well known so obviously there is an influence that may occur. but the proof will be seen a few days later. |
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jesselui
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April 28, 2021, 11:37:07 AM |
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This is good news. Normally, JP Morgan hasn't been saying good things about bitcoin lately. This news surprised me frankly. This news will affect the price of bitcoin.
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hazenyc
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April 28, 2021, 11:53:33 AM |
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I think that has been in the news for quite a while now. At least it is not brand new news. There is no doubt they will offer such an investment vehicle given all their high net worth customers who have had their eyes on Bitcoin for a while now. |
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markleal
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April 28, 2021, 11:58:52 AM |
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Hi there YanBitMoney, when I first read your post i LOL. WHy because I remember that JP once really hate the technology and even the bitcoin ecosystem. Though your post seems an update, there there is an article posted last year witht the title "JPMorgan—Bitcoin’s ‘Biggest Enemy’—Suddenly Appears To Be Going All In On Crypto". You could check it out in the Forbes website.
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