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morning everyone thank you so much for coming back welcome to crypto India I'm your host Chef this is a channel that we talk about cryptocurrencies bitcoin blockchain icos news developments Market sentiments around the globe so thank you so much for coming back it's a lovely Sunday morning so we'll talk about some news uh about JPMorgan the JPMorgan CEO about two days back they said that the Bitcoin is a fraud a day Jamie dimon is the name of the CEO he said that the JPM sorry the Bitcoin is fraud and then yesterday's news is that they bought some Bitcoins we will talk about that I will actually let's get into the market cap right now let's look have a look at the market price first so uh the market still looks pretty negative right now uh most of the things are in minus so you have trade Bitcoin trading at about 355 US dollar uh minus five four point seven three percent you have ethereum at 243 US dollar minus five five point one percent the Bitcoin cash has 418 US dollar minus by 25 percent you have minus 25 you have ripple at 17 cents you have Litecoin at 47 US dollars so it looks like it it's a very good time to actually get started in the cryptocurrency uh or buy a dip because I came across a lot of people who are actually investing at this point in time since considering the prices are low right now dash is out 391 which have touched about 360 US dollar so uh or Miss go at about nine dollar Neo is about 19 so yeah so pretty uh as of now the prices are a negative let's talk about some exciting news from JB Morgan and this is this is very very shocking interesting and uh exciting at the same time um this is something to be to think over okay now Suzuki Morgan CEO Jamie dimon uh just about two days back he went public on a new channel and it said that the Bitcoin he believes that the Bitcoin is fraud and after he made this statement of course the Bitcoins prices did have some impact not just from his statement but of course a couple of incidents around the globe like the news from China the Ico band The exchanges ban so there was a deck in the Bitcoin price and that is the advantage that JPMorgan took so JP Morgan actually bought the number of Bitcoins I mean on this on this website I can tell you uh they have bought they are in the top five uh okay let me check they bought a quite a number of Bitcoins which is called okay so over here I will try to leave this in the description below so that you can leave it so JPMorgan security is limited so the in in the list of the JP in the Bitcoin buyers you have the most you know the both the this this would not list all of them right all the buyers this only list the buyers who are on the top five or top six and this guy the JP Morgan is on the top five he's on the number four position so JP Morgan being a bank bias Bitcoin now this is something to be to think overall why would a buy why would a bank buy some Bitcoins because there are two reasons why because Bitcoins are decentralized guys Bitcoin is are limited in numbers there are only 21 million Bitcoins that can be created and everybody wants to have the as much as they can and of course JP Morgan doesn't want to lose that power and they want to keep a hold of Bitcoins so what is what is the sad part about this is that you are not honest to the public you're not honest to the world I see if you're saying Bitcoin as fraud and there's no problem with that I mean there are a lot of people around the world who have not understood the technology who have not understood blockchain and Bitcoin so they had their own opinion which we completely respect but this is really bad to tell the world something else and then do something else and you are a bank we trust you right the people in the world they trust a bank the entire Financial system you know they trust you with the money and you are a liar this is shocking this is very very shocking I mean uh what do you call in Hindi you know so this is what is happening in uh in in this crypto business space writer that is why I say that your own research your own knowledge about cryptocurrency is your own experience is really really important the people around the world will try to distract you will try to mislead you will try to misguide you but you've got to understand what is the truth okay not only this now JPMorgan is also a company one of the member of ethereum Enterprise Alliance okay so there are so many things where I mean JP Morgan is also building something on the blockchain so they very well know what is blockchain technology they are a part of ethereum Enterprise Alliance yesterday they bought Bitcoins I can show you the picture I can I can leave it in the description below it's been circled there it's all around the it's all over the news but JPMorgan security is limited by Spectrum so the takeaway from this news is that anybody talks about about Bitcoin around the globe there is some benefit there is some advantage that they are trying to take out of it probably they are trying to uh bring the market down for some reasons and I'm sure this would happen in China so China This World Series China went ahead and you know close all the cryptocurrency exchanges I'm sure there are few people who want to get the most out of it and that is why they have individually on it I guarantee you there's a China will again open the Bitcoin exchanges very soon because they have done it in the past but this is the time they want there are few people who will take the advantage of this price tip into Bitcoin because if you remember Bitcoin has soaring very very high it was sorting at we are very very close to 5000 US dollar and it's always better to buy a 3500 US dollar and rather than 5 000 US dollar right you're saving about one thousand five hundred dollars especially if you're buying good in numbers it's a big amount so there are always these rumors there are always these people who will try to crash the market down and take the advantage of it and of course the JPMorgan CEO is one of them he tried to deal the market down crash the market down making by making such statement for which he was criticized by so many people around the globe for calling Bitcoin is a fraud now when you see bit on the very second day JP Morgan Securities buys Bitcoin guys now this is something to be to understand so this was this was very much planned by JP Morgan okay so there is one thing that I have understood that you really got to trust yourself you really got to trust your knowledge I mean you cannot trust a bank for sure if a bank does something like this a bank CEO does something like this you cannot trust a bank you want to trust yourself this is completely unethical this is completely I mean he's a liar I mean anybody can say he's a liar and JP Morgan cannot be trusted anymore if you're making these double standard comments right so that is what I wanted to tell you guys to let you know that what what is all happening around the globe so uh I hope you uh understood the point that I'm trying to make and uh I would love to hear your thoughts and opinions for sure on this what do you think and uh do share this Channel with your friends and who are involved into people can select them know that uh we exist and uh if you're new to this channel go ahead and hit the Subscribe button so that you are updated with all the news and happenings around the globe as always lovely talking to you guys take care I'll see in my next video
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