Jamie Dimon is either a liar or a fraud.
JPMorgan Chase Discovered To Be Buying Bitcoin
Twitter user @IamNomad uncovered a juicy piece of evidence to suggest that Jamie Dimon is full of complete B.S. (saying he would "fire anyone dumb enough to trade Bitcoin," and insulting his daughter for doing so in the process) and was only acting to negatively influence Bitcoin markets and cause downward pressure:
JPMorgan Chase is the 4th largest buyer of a Bitcoin ETF based out of NASDAQ Stockholm, and is purchasing it at 100% hedge, which means they are directly purchasing Bitcoin via the exchange, not just the market holdings:
This means that JPMorgan Chase (and Jamie Dimon) are breaking the law in one of two ways, either:
1.) They are intentionally manipulating markets to be able to purchase additional BTC at a low price to gain more of a profit in the long-term.
2.) JPMorgan Chase is purchasing Bitcoin for their clients, thus violating fiduciary duties after Dimon declared to the world that Bitcoin and cryptocurrency is a fraud.
So will Dimon or JPMorgan Chase face any penalties or criminal action for violating the law?
...Do I need to even answer that question?
Image and Article Sources:
http://www.zerohedge.com/news/2017-09-16/if-jamie-dimon-hates-it-so-much-then-why-jpmorgan-buying-bitcoin-europe
https://twitter.com/IamNomad/status/908831764457672709?ref_src=twsrc%5Etfw&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fchase-bank-buys-bitcoin-even-as-jamie-dimon-rejects-it
http://www.zerohedge.com/news/2017-09-12/bitcoin-tumbles-after-jamie-dimon-calls-it-fraud-would-fire-anyone-trading-it
I imagine the SEC would find that piece of information quite interesting ...
Disclaimer: I am just a bot trying to be helpful.
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