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.

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[Majestic-milf]

 Yeah. Shocked about it? I ain't though. For a man who had a bitter approach towards Bitcoin and crypto currencies since 2014 only to change opinion in 2017 through 2019 simply because he wants to expand his line of business and possibly pave a way to introduce his dollar backed digital coin, JPM, should tell you a lot about his personality. You can read more about his journey with crypto currencies here.
 The guy is a business man and these men will say anything that will favor them. Look at it this way; if I am a well known and respected figure in the society and I condemn a product, what have I done? I've succeeded in turning majority of the population in that state against that product and have dropped the rate at which demand and supply for that product will be and will garner enough response and attention if I decide to deal on that same product, provided I package it well.
 What this tells us about him is just simple; don't take him too seriously when he drops hate speeches bout Bitcoin or cryptocurrencies.

[GreatArkansas]

Hahaha yeah, I remember the recent news or interview about Jamie Dimon where he talks negatively about Bitcoin again.
And then you see this which they are a huge institution that really adopting Bitcoin.

That's why I said recently from his interview that he is spreading again FUD so they can buy more cheap Bitcoins.

[OGsmall]

Hahaha yeah, I remember the recent news or interview about Jamie Dimon where he talks negatively about Bitcoin again.
And then you see this which they are a huge institution that really adopting Bitcoin.

That's why I said recently from his interview that he is spreading again FUD so they can buy more cheap Bitcoins.

Was on my phone this morning also saw same here on the headline news which says CEO Jamie Dimon said Bitcoin does nothing!! And also he called it a “ the pet rock”

https://www.cnbc.com/amp/2024/01/17/jamie-dimon-says-hes-done-talking-about-bitcoin-i-dont-care.html

[elevates]

Lat year December he said infront of the lawmakers that he want to pull the on the cryptocurrency industry. This year he is looking to add more plugs to Bitcon for his own profit. Fine traits of a gentleman who gives negative statement first and does the exact opposite of what the world expect him to do. Looks like he was trying to create a false narrative for his competitors who were cunning enough not to fall for his statement. In anyways he is running a financial organisation which is know for all the wrong things in finance in the world.

[Fiatless]

Hahaha yeah, I remember the recent news or interview about Jamie Dimon where he talks negatively about Bitcoin again.
And then you see this which they are a huge institution that really adopting Bitcoin.

That's why I said recently from his interview that he is spreading again FUD so they can buy more cheap Bitcoins.

It is a free world and everybody can say whatever about Bitcoin. I feel sorry for people who take the statements of people like Jamie Dimon seriously. He has consistently told people not to invest in Bitcoin but it is hypocritical to know that JPMorgan Chase is investing heavily in the crypto sector. Businessmen cannot be trusted because they can do anything for profit.  

This is also the stance of fellow American Billionaire Warren Buffet who is a strong critic of Bitcoin. Meanwhile, it was discovered recently that Berkshire Hathaway is a major shareholder in a Latin American digital bank called Nu Holdings. This bank has launched several crypto-related services and is a well-known crypto-friendly bank in Latin America. Warren called Bitcoin rat poison, while Jamie pet rock, yet they are still investing and making profit from the industry, FUD mongers!!!.    

[NotATether]

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

Lol.

Since when were they in crypto-enabled payments? I see companies like Binance, Coinbase, Bitpay inside, but there is no JPMorgan Chase to be found anywhere in that industry.

Maybe it is just a gateway service for other banks.

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.

He is basically the smart version of Jim Cramer who actually makes sure he profits before he spouts nonsense.

[m2017]

Hahaha yeah, I remember the recent news or interview about Jamie Dimon where he talks negatively about Bitcoin again.
And then you see this which they are a huge institution that really adopting Bitcoin.

Does anyone else believe the public statements of such individuals (who have a vested interest in misinforming the broad masses, thanks to which he increases his capital)? You don’t need to listen to what they say, but you need to look at what they do (1st post in this topic confirming JP Morgan Chase engaged in cryptocurrency market).

With bankers (as with women) you need to do everything the other way around. They said that bitcoin is "bad" - it's time to buy it.

That's why I said recently from his interview that he is spreading again FUD so they can buy more cheap Bitcoins.

Let everyone rush to get ahead of him. Buy before Jamie Dimon.

[dzungmobile]

Since when were they in crypto-enabled payments? I see companies like Binance, Coinbase, Bitpay inside, but there is no JPMorgan Chase to be found anywhere in that industry.

Maybe it is just a gateway service for other banks.

I did not follow this but your question triggered me to search.

JPMorgan adds ‘holy grail’ payments feature as part of blockchain push
JPMorgan Trade on Public Blockchain ‘Monumental Step’ for DeFi
BlackRock, Barclays use JPMorgan blockchain app in milestone trade
JPMorgan Adds Programmable Payments to JPM Coin

Honestly, I missed JPM coin, lol. Some day, maybe JPM coin will be shilled as a Bitcoin killer.

He is basically the smart version of Jim Cramer who actually makes sure he profits before he spouts nonsense.

Jim Cramer is a rich man and I believe he is smart enough to have a successful career and his fortune. So what he told in interviews might not what he actually thought. He just done his job as a staff of CNBC, nothing more. He told people what they want to here, just at the right time.

[hugeblack]

This may be one of the reasons that made him make this statement ---> Jamie Dimon says he's done talking about bitcoin: 'I don't care'

Damon has been a critic of Bitcoin for a long time, but the tone of criticism has become less in recent years, and I expect that most critics will remain silent in the coming years, so that the debate will turn into whether it is a good or bad investment, whether it is a safe or high-risk investment, or whether it should be added to the investment portfolio as a form of diversification.

[kryptqnick]

Oh well, that's why guys like him can't be trusted. I knew they were somehow involved with cryptos because I remember some news over the years, but I didn't know about the scope. From the infographics shared by the op, they aren't just involved by are at the forefront of crypto adoption, as they're taking part in all 5 things in the table, and nobody else has that full list.
Perhaps the CEO's opinion doesn't matter as much as the interests of the company (kind of how the head of the SEC certainly didn't want Bitcoin ETFs approved, but they got approved anyway). Or, maybe, there's something more at play, and he's actually making those statements to gain attention and to try pushing the price down, so that JPMorgan Chase can buy back at a lower price.

[DapanasFruit]

He lies, the table shows that.

Of course, he lied. And he has had been a liar since many years ago when he started attacking Bitcoin and then for all we know the financial institution he is presiding is actually making good amount of money with cryptocurrency and with the coming in of ETFs we are seeing JPMorgan Chase an active participant on them. Now, this is showing us that sharks can really smell money miles away and would like to have a slice of the pie and eat it too so as to satiate its greed for money and power. We should not really listen too much on Jamie as far as cryptocurrency is concerned because he is a conflicted man at the very least.

[avikz]

Jamie is not a new lier. But now it seems that there's a motive behind all his lies. He could be trying to manipulate the market so that his company can buy it cheaper. It's just my assumptions so I may be right or wrong. But there's definitely a reason behind all his FUD for sure.l which we are yet to understand.

It's really concerning to see JPM is showing interest in cryptos and related services. I am personally not much positive about all these corporates coming into crypto market. Crypto should remain as people's money.

[btc78]

Honestly we all should know better than take the words of a man such as JP Morgan seriously he is a businessman and he will say or do anything that it takes for him to take profit it is the reason why he ended up in wherever he is right now after all

Everything he does or say is calculated he has an agenda for everything and maybe the general public is the only one who would believe him but for the rest of us in the community we know that he is bluffing

[Mate2237]

This is good for the cryptocurrency because the more institutions adopt bitcoin the more popularity and acceptance wii also be. If private banks like JP Morgan accept bitcoin transaction hen other banks will also follow up after seen the institution to grow fast with the highest market cap in the Bank industry. When private businessmen got huge profit from cryptocurrency then government institutions like bank, and schools will also accept bitcoin.

I just like the way bitcoin operates, it doesn't force anyone to accept it but by willingly they accept it.

[darkangel11]

Jamie is not a new lier. But now it seems that there's a motive behind all his lies. He could be trying to manipulate the market so that his company can buy it cheaper. It's just my assumptions so I may be right or wrong. But there's definitely a reason behind all his FUD for sure.l which we are yet to understand.

It's really concerning to see JPM is showing interest in cryptos and related services. I am personally not much positive about all these corporates coming into crypto market. Crypto should remain as people's money.

He lies because he wants to be compliant with the regulators, especially the people in Congress. He plays both sides. On one hand there's people like Elizabeth Warren and Brad Sherman (both democrats) who work for Biden (because Biden has no idea how to regulate cryptocurrencies). Their goal is to weaken bitcoin and prepare the US for CBDCs.
On the other hand Jamie sees other banks launch crypto custody services, like Deutche bank, or HSBC. Many banks do research in the crypto sector and so does JP Morgan. The problem is Jamie is a lying bastard that once said he'd fire any employee found trading bitcoin and a year later opened a bitcoin trading desk at JP Morgan and told in an interview that his daughter owns bitcoin.

[el kaka22]

This is the part that confused me a lot as well, I do not really understand the point that he is trying to make. When your company is heavily invested into bitcoin, what's the point of trying to make it sound a lot worse?

I mean it doesn't really make sense to me at all and I feel like it is not going to really end up making sense to anyone else neither. I get the point, it doesn't really look all that shocking and we should consider it being a lot easier to handle, but that doesn't really mean that we should be able to do it, we should be making it stay the same if we had that much money. I think he has some angle that we are not aware of, if he is this much invested into it and still saying bad things, he is wanting something about it.

[nelson4lov]

It's not lieing if he said something in the past but then goes back on his words? Damon like most Anti Bitcoinist didn't see or align with the Bitcoin vision in the initial stages but have since made a u-Turn. More often than not, people like Damon would always support a narrative as long as it makes them more money.

This is the part that confused me a lot as well, I do not really understand the point that he is trying to make. When your company is heavily invested into bitcoin, what's the point of trying to make it sound a lot worse?

~Snipped

JP Morgan owns a business that is regulated by the government. So what's the best way to continue staying under the good graces of the government? Easy, be on their side. JPM is playing both sides here. They don't want to miss out on the crypto pie. If they do, all the "business" goes to Coinbase and other companies in the other categories.

[Assface16678]

Well, funny, right? But because bitcoin or crypto currency cannot be affected by people who s popular saying ill and saying bad stuff about bitcoin or crypto currency they are not afraid to say negative things about bitcoin or crypto currency, they have their own reason such as jamie, he is a business man and in government so in order to be in government side he needs to show to them that he is not into cryptocurrency but in reality it is the opposite and I think not just jamie, but many more businessman or popular people do crypto currency but they dont want to reveal it or say that they are an investors, no matter what we say we cannot ignore that crypto currency has a very big potential and will make you a good amount of money if sone correctly. So they can't help but ignore the presence and potential of crypto currency, no matter how they try to prove to themselves that there is no good at crypto; it will be changed once they try it at first.

[Franctoshi]

 It has been a long time now when I observed some forms of inconsistency with some words that J.P. Morgan used to say about Bitcoin and cryptocurrency, while secretly doing the opposite thing, don't just get fooled by what these people say, they are hedge funds managers/institutional investors, and sometimes they do these things in such a way to manipulate the market when they want to buy or sell.
The bottom line here is to following their money and not following what they say because their money is their action and action they say speaks louder than a voice.