The recent news that JPMorgan has become an authorized participant for BlackRock’s spot Bitcoin ETF presents a striking irony, particularly in light of the past statements made by JPMorgan’s CEO, Jamie Dimon. 

Just three weeks prior to this development, Dimon expressed a strongly negative stance on Bitcoin, stating that he would ban it if he had the power in government. 

This stark contrast between his words and the actions of JPMorgan underlines a critical lesson: it is often more revealing to observe what individuals and organizations do rather than what they say. 

In this case, despite Dimon’s vocal criticism of Bitcoin, JPMorgan’s engagement in the Bitcoin ETF indicates a recognition of the cryptocurrency’s significance and potential in the financial world.
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coinsaucenews

2024-05-08 21:20:11

yeah i've always been deeply opposed to crypto bitcoin etc you pointed out the when true use case for it is criminals
drug traffickers anti-money laundering tax avoidance and that is a use case
because it is somewhat anonymous not fully and because you can move money instantaneously because it doesn't go through
as you mentioned all these systems have built up over many years know your customer sanctions ofac is thinking of bypass all of that i if i were the government i closed it down okay now three weeks late all when everyone was celebrating the holidays it was announced by blackrock that they'll be using j p morgan for his bitcoin atm
watch what they do not what they say