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in this video I will be summarizing the whole Jamie Dimon and Bitcoin story on the 12th of September Jamie Dimon compared to Bitcoin to chill at mania seeing it was a fraud he said that the only use case for Bitcoin was for illegal purposes and that he would rather see a crypto dollar being used as a currency he says if Bitcoin gets to bake governments will try to stop it because bitcoin is decentralized it can't be controlled by any government or central bank when Jamie Dimon made these comments the price of Bitcoin fell 24% as a result of Jeremy diamonds comments the price of Bitcoin decreased by 24% and on the 16th of September we learned that JPMorgan had been buying Bitcoin after this decrease that was caused by Jamie Dimon JP Morgan bought 19,000 102 bitcoin shares and the Swedish Nasdaq traded Bitcoin etn these shares are equal to our garden 95 bitcoins 9,000 of these shares were sold representing about 40 Bitcoin the news of JPMorgan bind Bitcoin raised the price by 20% it's unclear if JP Morgan was buying the Bitcoin as an investment or of their own or if it was actually brokering a trade for their clients their way JP Morgan folded the market and got Bitcoin on sale on the 22nd of September Jamie Dimon was back at it again he said that governments like to control their currencies they like to know who's spending it and it's for this reason that they will shut down Bitcoin he said that you'd rather see a crypto dollar he also said that JP Morgan moves around six trillion dollars every day and that is cost effective and efficient however Bitcoin allows for peer-to-peer transactions and it's also cost-efficient probably even more so than the banking system also for international payments the banking system can take weeks to move money from one country to another however with Bitcoin is almost instant Jamie Dimon could have been violating European market abuse laws a complaint was made to Swedish financial regulators by Florian Schweitzer the managing director of a London company called Blackwater the company trades around twenty five million dollars of Bitcoin a month this complaint could have been made for a publicity stunt to get the company more advertising through the media it's clear that Jamie Dimon manipulated the market in order to buy cheaper bitcoins in the future we can probably expect more of this as a bankers who missed the boat and they coin now want to get in as they see its limited supply as being beneficial in a dying financial system so what do you think is Jamie Dimon a manipulator Jamie diamonds actions speak louder than his words in public each crash talks Bitcoin while in private he buys it he wants to drive down the price so the elite can buy it for a cheaper before the mass is adopted please like this video and subscribe to this channel for more coastal currency related content in lazy guide to crypto trading I take you through winning trading strategies to think and trade like a shark this easy method will have you trading like a pro even if you are a newbie after reading this ebook you'll be able to spot opportunities in this market using this method I was able to triple my Bitcoin holdings in less than a year the book will cover how to invest in crypto currencies choosing currencies to invest in why should invest in Bitcoin whether you should invest in I CEOs they will also cover market psychology what to do if you buy a high and much more it will also tell you how anyone can get access to hundreds of dollars of cryptocurrencies for free using one strategy if you would like to buy the e-book the link is learn to trade bitcoins calm slash trading - eBook or you can scan the code below
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