You still trust your banks?
In fact, a few days after the CEO of JP-Morgan, Jamie Dimon labeled Bitcoin as a "fraud", JP-Morgan bought and then sold the XBT instrument.
You can clearly see these trades on Sweden's Nordbank website.
They purchased the “Bitcoin Tracker One” product, which is the first bitcoin tracking product to operate on a regulated exchange. The instrument is provided by XBT Provider AB.
This following analytical data from a Crypto broker clearly shows JPMorgan buying shares in Bitcoin:
But several days before the Bitcoin buying, JPMorgan's CEO James Dimon released the following statement:
But the sad truth about our governmenment is shown with the meme below
Infact, the graph shown below highlights Dimon's historic statements concerning Bitcoin, he always tries to disprove Bitcoin, while making the bank from buying it!
Banks Can't Resist!
The possible gains from Crypto trading when compared to traditional investments such as gold are massive.
When the news says gold's value increase from $50 to $100 they are laughing but when you buy an altcoin it can increase 100% per day and larger coins like Bitcoin, Ethereum and Bitcoin Cash can swing 20-30% daily.
The lack of liquidity is what causes the volatility. This volatility is what traders love, the possibilities are endless.
The crypto market cap is relatively small in comparison to multi-billion dollar assets which institutions control. It is believed that investments like these should not be sanctioned by the major institutions.
But as you all now know, the impulses of con men, along with their scammers for hire were used when Jamie Dimon scares us all in the market. These are the same "men" who allow the banks to turn a blind eye to illegal transactions.
What do you think Dimon intened? What's happening to Bitcoin?
Who is @Chron?
is a 16 year old robot-headed Steemer, currently based in Bali, Indonesia.
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