BIGGEST NAMES IN THE TRADITIONAL FINANCIAL MARKET GET INTO CRYPTO

Ever since the year 2020, Bitcoin and the whole cryptocurrency world as been having some issues will wall street. Right now, the massive asset managers are beginning to concentrate on crypto and that means they are going to come will their bring massive liquidity and pump the prices want they want to. We should also expect that they can manipulate Bitcoin give as they did to other assets like gold.

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Some people like to crash talk bitcoin especially when the price is down. We see JP Morgan's CEO crashing Bitcoin and he called Bitcoin a decentralized Ponzi scheme. You should know that there is huge hypocrisy is of the crimes committed by JP Morgan. It is no big surprise because this is not the first time will be seeing Jamie Dimon crashing talking Bitcoin, he did it back in the year 2014. Despite him trash-talking it, bitcoin has been up 20x since that time. JP Morgan stock has barely doubled but Bitcoin has been up 20x.

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We are seeing JP Morgan releasing a Bitcoin trading desk and access to their clients to buy Bitcoin. This is confusing because JPMorgan once called Bitcoin a Ponzi scheme. Most of the big banks love crypto and since like they want to get involved. We had a surprising announcement when BlackRock bitcoin funds and BlackRock clients can invest in Bitcoin. They are very smart because they know the right time to buy Bitcoin and also when offering it to their exclusive client. We won't be surprised if BlackRock buys more Bitcoin during this bearish market. They will definitely have a big impact on the market.

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We are also seeing the Nasdaq want to launch a crypto custody service and then entering the crypto world is a good move. They know the potential of Bitcoin and they want to be part of it. Fidelity looking to allow the customer to be able to buy Bitcoin. A new cryptocurrency exchange platform called DEX is being launched by some of the biggest names in the traditional financial market. Even though everything is not working well in the market but you should not lose focus and everything will be all right.