Jamie DImon calls Bitcoin a Fraud. He is soooo Full of Shit. Isn't Silver Market Manipulation a Fraud? The New York 2nd U.S. Circuit Court of Appeals ruled that District Court Judge Engelmayer was in error when he dismissed the Silver price rigging lawsuits against JP Morgan
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JP Morgan has been very smart. With few words he pulled down the price of BTC to 2.900$, he bought a ton of BTC and now He has 1.100$ of added value per BTC. It was all a giant marketing move.
True there was a buy of BTC by a JPMorgan... however it could have been bought by an actual trader who works for JPMorgan on behalf of "someone" that wanted to buy. Not disagreeing... just saying that it might be misconstrued or news that is being taken out of context.