JP Morgan Chase Chief Executive Jimmy Diamond recently criticized bitcoin and called it a financial bubble. The financial guru compared bitcoin with tulips in the 17th century when speculators artificially raised their price. This is the first financial bubble in the history of Modern Times.
This statement by the top banker, along with a number of Chinese black curb bans, has caused shocks in the price of the bitcoin and the decline in its exchange rate.
But there was something quite unexpected - just after the fierce criticism of the bitcoin by General Director Diamond, JP Morgan Chase bought a lot of bitcon.
The information was opened and published by a Twitter user with a nickname "I am Nomad". In the screenshot with the BTC chart, the JP Morgan Chase deal is framed in red.
The cryptoLight society is confident that banks are interested in the quickest crash of the bitcoin, but do not miss the opportunity to make a profit. JP Morgan Chase is no exception.
The rise in the popularity of the crypto-lite and its increasing financial recognition among investors and hedge funds shows that few of them believe in the predictions of Dimon and other financial skeptics.
