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๐ฆ JPMorgan CEO Jamie Dimon still says #Bitcoin is a fraud and a ponzi scheme ๐
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Needless to say that a guy sitting at the center of the financial world is not as naive or dumb to actually believe this.
They are also stacking and won't want to wake the masses to it.
They are also stacking and won't want to wake the masses to it.
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"We have new high water mark for investment into one of the bitcoin ETFs: two dif advisors each put in $20m to $FBTC, one is from Kansas and the other Minnesota. The % of portfolio is also pretty high at 6% and 5% respectively.
This is as Boomer as it gets. Likely a wonderful sight for those hoping to see long-term adoption and an absolute nightmare for the RIA Skeptics Branch of the Underwhelmers Club. We still have 5-6 weeks of more 13F reporting like this too. We could see 500-1000 firms like this reporting holdings once dust settles. And that's just one 13F season. There are 4 in a year."
- Eric Balchunas
This is as Boomer as it gets. Likely a wonderful sight for those hoping to see long-term adoption and an absolute nightmare for the RIA Skeptics Branch of the Underwhelmers Club. We still have 5-6 weeks of more 13F reporting like this too. We could see 500-1000 firms like this reporting holdings once dust settles. And that's just one 13F season. There are 4 in a year."
- Eric Balchunas
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Media is too big
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๐บ CNBC host discusses how the load flexibility of #Bitcoin mining assists the reliability of the Texas power grid โก๏ธ
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NEW: ๐ Bitcoin miner Marathon Digital Holdings rebrands to MARA ๐จ
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Bitcoin fixes this because it is UNCONFISCATABLE ๐ช
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๐ Jack Mallers explains how printing money turns people into price speculators ๐ฐ
โPeople are less focused on building family, on building relationships and on contributing to the world and are more focused on speculating to try and preserve their wealth.โ
- Jack Mallers
โPeople are less focused on building family, on building relationships and on contributing to the world and are more focused on speculating to try and preserve their wealth.โ
- Jack Mallers
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๐ There are kids out there who already are Bitcoin natives โก๏ธ
These new generations will be forced to use Banks not because they want but because the system hasn't evolved yet.
You think they'll be worried about the dollar price of Bitcoin? No they won't.
They will work for Bitcoin with the goal of having more of it. The Bitcoin price denominated in USD will be absurd.
Is like asking Argentinians or Turks why don't they take profits and sell USD when their currency devalues. Just absurd.
Bitcoin is doing to the USD what the USD does to worse fiat currencies.
These new generations will be forced to use Banks not because they want but because the system hasn't evolved yet.
You think they'll be worried about the dollar price of Bitcoin? No they won't.
They will work for Bitcoin with the goal of having more of it. The Bitcoin price denominated in USD will be absurd.
Is like asking Argentinians or Turks why don't they take profits and sell USD when their currency devalues. Just absurd.
Bitcoin is doing to the USD what the USD does to worse fiat currencies.
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