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RE: As Predicted - JP Morgan Caught Buying Large Amounts of Bitcoin After Public Statement That Bitcoin Is a Scam and No JP Morgan Trader Would Trade It.

in #bitcoin7 years ago (edited)

While I don't doubt this is true, aren't these types of transactions supposed to be private, or better said that they can't be accessed? So basically what you are saying is I can't make a secret bitcoin transaction meaning even though the transaction is just a wallet to wallet thing anyone can know who made the transaction.
Apart from that shouldn't this be good news, I have always thought BTC is manipulated by the elites, so now that they are buying so much the price should go up very soon.

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As far as I am aware, the record is of a kind of instrument created for bitcoins, it is not a direct blockchain level record of bitcoin transactions - at least that's how it was explained to me.

Yes, but, look so JP Morgan gets a wallet do you think they would use JP Morgan Bitcoin Wallet as a a name they would most probably do what any smart organization would do, use a proxy.

the issue is not so much what i imagine is going on, but what has actually been occurring. as far as i am aware, that website is showing regulated instruments and they happen to be for bitcoin.