Hey guys,
Yesterday Jamie released a 43 page report to shareholders on current events. One of his key talking points was that the banking crisis is not yet over, and that there will be serious repercussions on the markets for years and years to come. This is of course great news for BTC but not so great for the global economy. He basically stated that we're just getting started with the banking crisis here guys, so buckle your seat belts!!!
Just looking at the charts for gold and silver demand what we are seeing here is some serious movement. Gold is almost at a new ATH, silver has a lot more room to grow, and BTC is staying steady in the 28k range.
I would urge all of you to not only continue making your daily sat buys but if you can hack it try to throw some gold and silver into the mix as well. Future outlook is looking a bit dicey on banks, BTC to the MOON! HODL ladies and gentlemen. Have yourself a great day I have to get back to work, but please comment and share!
Cheers,
TREAD
Updated, I can't find the actual source I was reading but this backs it up:
https://www.cnbc.com/2023/04/04/jpmorgans-jamie-dimon-says-banking-crisis-is-not-over-yet.htmlJamie Dimon is a strategic genius. This does not include the fact that he gave a shit about Bitcoin. He has many reasons to regret the many negative statements he made and the decision to refrain from it for too long. But as a banker he knows his thing. JP Morgen Chase did very well during the 2007 financial crisis and they are once again well positioned with their general risk exposure to cope with the currently existing liquidity problems. If I was him I would also publish such a paper stating that many players are at risk when you know that your own bank is not.
Their wealth management division is making business with cryptoassets as wealthy clients pushed for getting access to it. I don't know if JP Morgan Chase themselves hold any? It should probably be public I guess, but I haven't looked it up now. He has also talked positively about it such that it has a lot of upside potential. It is not that long ago. But I think his stance still is that he himself wouldn't touch it. But to be honest we wouldn't find out anyway ever and he isn't important enough to make an impact anymore with such a disclosure.