Post
Topic
Board Bitcoin Discussion
Re: Institutions Buying Bitcoin While They Fud
by
Red-Apple
on 28/07/2019, 11:02:24 UTC
JP Morgan didn't FUD against Bitcoin, Jamie Dimon did, but it was his personal opinion and not an official statement of the company.

JP Morgan didn't buy any big amount of coins to hodl them, because they believe in Bitcoin, they bought some Bitcoin-based derivatives to speculate on them.

you have a very good point here but at the same time Dimon is not some random employee of this bank, he is the freaking CEO of it and if his opinions is not at least semi official statements then i don't know what is.

as for the buys, i'd could have agreed with you if his statement was something like "investing in bitcoin is not a good idea. but he outright called bitcoin "fraud" and that makes his company's involvement in bitcoin in any form "participation in fraud".
so he has to decide, either he was bullshitting or his bank is involved in fraudulent activities.