Just this year, JPMorgan CEO called crypto is a ‘hyped-up fraud’, a ‘waste of time’ and 'pet rock'. Yet we see JPMorgan launch a network with JPM Coin, which recently went live, that mimics real crypto but it's private and centralized. The issue is not crypto but about them having power and control - JPMorgan's CEO has had a lot of negative things to say about crypto time. He has said very very many anti-crypto things but even just this year he said that crypto is a ‘hyped-up fraud’, a ‘waste of time’ and 'pet rock'. These statements however are strange considering JPMorgan investment and push into blockchain tech and development of their own coin on top of the seven or so crypto funds JP runs.
Onyx is an team and division under JP who developed the JPM Coin which is a private and centralized blockchain run by JP with a token called JPM Coin used for settling and clearing transactions between JP Morgan customers. JPM Coin even recently went like for euro transactions. Even JP Morgan's CEO acknowledged the vast superiority of a blockchain token over legacy systems in the speed, convenience and 24/7 nature of transactions.
All this is to say that they don't have an issue with crypto really. It's about the ability for them to control the coins and tokens.
Berkshire is hoarding so. much. cash.
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
#ASX:ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
