I thought that originally, but after reading a bit more about it, it sounds like another bank was just routing orders through JPM's market maker for that market, no? JPM was not actually buying that security and neither were their clients, right?
I thought that originally, but after reading a bit more about it, it sounds like another bank was just routing orders through JPM's market maker for that market, no? JPM was not actually buying that security and neither were their clients, right?
From what I understand they actually were. I think Kevin had a link for some of their purchases a few days ago.
Oh, ok. I haven't followed it for a few days as I was working on a post about it, until I stumbled upon this:
http://www.businessinsider.com/bitcoin-price-jpmorgan-looked-like-it-was-buying-after-dimon-called-fraud-2017-9
Actually I think that might be the screenshot I saw but I think this goes deeper. JP Morgan are shilling their own blockchain platform right now - so either way the announcement is iffy. We will have to see if this investigation is confirmed - if it is that would suggest something more.
Cool thanks for the link!
You should see the reply of John McAfee to Dimon in the video I posted in Alt-News #11, its almost at the end of the video, pretty priceless!
I didn't know he did a reply. I will check it out.
Yes agreed. It was odd the harsh rhetoric he used. I mean the guy is investing big money in blockchain technology yet he had nothing nice to say about it?! From a guy in his position, knowing that every word he speaks gets dissected and analysed, it was very odd for him to be so over the top critical of Bitcoin.
In fact, my initial reaction upon hearing him was.... "this guy is short Bitcoin in a big way..." lol :)
Yes it just doesn't make sense and seems very hypocritical. Also ironic that a banker would use the term fraud after what happened in the financial crisis a decade ago - JP Morgan was a part of all that. People in glass houses and all that.