Look at these scumbags. While officially being against Bitcoin they are still net buyers of the Bitcoin Tracker One ETF on the Swedish exchange. Even if "they" means their customers - JPM should ban the instrument..because..Bitcoin is, according to them - a scam. Why would they let their customers trade a scam-instrument?
If you ever wondered if Demon's comment was a headfake or not..well, here it is.
The first picture is from 10 days ago before the comment, while the second picture is yesterday. They bought 10 times more Bitcoin yesterday than 10 days ago. 10 days ago they were net sellers of Bitcoin. 10 days ago they sold 3 times more than they bought. Yesterday they bought twice as much as they sold, ten times bigger volume than 10 days ago. Guys..HODL ;) This photo is from my person Netfonds stock account and is 100% legit.
Keep in mind however, that these trades and purchases may very well be customers buying Bitcoin one tracker. But if JPM believes Bitcoin is a scam, they shouldn't allow their customers to purchase it. Personally though - I suspect JPM traders themselves are trading it. If Demon is asked why the London division is trading Bitcoin, he would just reply that "I was talking about the New York Division, or the Boston division or whatever division" These snakes always snake their way out of things :)
