JP Morgan has been spreading a lot of FUD related to Bitcoin recently. Previously also they have done that, but they look really desperate nowadays. Do they feel threatened by the rise of Bitcoin?
Of course they feel threatened and with good reason, think about it if we were on their shoes and we were as powerful as they were we will be scared as hell by something like bitcoin, they are seeing that bitcoin does not stop growing despite all the FUD that is coming around the world, and why it keeps growing? Simply because it is the best form of money available at the moment.
If they had bought bitcoin when it was cheap they will not have this problem and they could begin to build their positions. but now they are seeing that other institutional investors got a head start over them and instead of accepting their mistake and decide to join them they are doubling down on their critic against bitcoin thinking that they still have the power the crash the market with a few articles full of FUD, but we know that is not going to be enough as too many people are realizing that bitcoin is here to stay and it is probably their only chance for a better future under the current circumstances.
I feel that they are just jealous of what bitcoin is achieving these days. Ever since, they are being pessimistic with bitcoin. And now, they still are. They don't wan't to grow the adoption of bitcoin, wishing that no one will follow the move of Tesla. But sorry to say, companies will not listen to them as many merchants and institutions are joining the crypto community. In time, this JP Morgan will join this community because they have no choice because everybody is already in here.