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RE: Wharton Dean: Dimon Mindset Is Wrong, Cryptos Mean "The End Of Money As We've Known It"

in #bitcoin6 years ago

Merrill Lynch from Wall Street banks, and JPMorgan CEO Jamie Dimon. Merrill Lynch forbids its financial advisors to make relevant investments with Bitcoin on behalf of its clients.

According to the Wall Street Journal, Merrill Lynch, who is one of the biggest banks in the world, took this decision because he feared "concerned with the suitability and suitability of product standards."

Because of the decision taken by Merrill Lynch, about 17,000 consultants will be unable to do anything about Bitcoin. Customers Grayscale Although the Bitcoin Investment Fund (GBTC) wants to enter the business, the consultants will not be able to fulfill the demands of the customers.

GBTC is one of the most convenient places to trade Bitcoin on Wall Street. Bitcoin trade here is done in an over-the-counter fashion, unlike the New York Stock Exchange, where fairly formal trade takes place.

As is known, there is a struggle for the crypto money, more precisely Bitcoin, which is not seen but felt. On the one side, Bitcoin and Bitcoin are defenders of the world we live in. On the other side, Bitcoin is not supported by any authority and they are convicted. The side that does not support Bitcoin is usually made up of traders and investors. However, it seems like a little less noise from this side lately.

An example of this is JPMorgan and Jamie Dimon. Jamie Dimon made quite ambitious comments a few months ago saying Bitcoin was "fraud" and made it clear that he did not support Bitcoin. However, Jamie Dimon's CEO is JPMorgan seems to think differently as an institution. Even if Jamie Dimon does not support Bitcoin, it can even be said that it supports JPMorgan.

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The institutions want in...that is obvious.

They are not going to sit out this gold rush.

I hope it'll be like you said.

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