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and in other news and I see BICS Weir's already kind of commented on this as well oh boy Jamie what you gonna do I think your arrests come back too so Jamie Dimon as you know bad-mouthing the living hell out of Bitcoin yeah just conference call whatever about the 20% drop in trading and all that crap at his company and screaming about Bitcoin and how upset he was and I would fire my traders I would fire him if they traded Bitcoin I'd like to read you an article from Zero Hedge if I may if Jamie Dimon hates it so much why is JPMorgan buying Bitcoin in Europe I shall call it preparation-h unless you have been living under a rock for the past week you will be well aware of JP Morgan CEO Jamie Dimon panics outburst with regard to the fraud that bitcoins Tulip like bubble is in to paraphrase quote it's a fraud it's making stupid people such as my daughter feel like they're geniuses it's going to get somebody killed I'll fire anyone who touches it again you anecdotally the post diamond collapse in crypto prices seems to confirm his view though of course this is much more due to China's concerns than a vested interest here fear monger which makes us wonder why is JPMorgan buying Bitcoin ETFs on European exchanges Nasdaq Stockholm has recently excuse me has an actively traded Bitcoin etn Bitcoin tracker 1 SEK is an open and exchange-traded note incorporated in Sweden the etn is denominated in SEK and provides investors with access to return to to the returns of the underlying asset which to me sounds like a derivative now doesn't it US dollar per Bitcoin less investor fees the average USD exchange rate of Bitcoin from the exchanges BitFenix bitstamp and G Dax provides the underlying reference price which is converted into SEK in the last few days as the underlying price cloth the etn has remained bid with heavy inflows and now trades around 20% premium to net asset volume of assuming that asset value and guess who has been buying JPMorgan securities was the farm forth that could not be farther my father from the Jew I mean further from the truth no I dad it didn't JP Morgan securities was the fourth biggest buyer JP Morgan went full goldman sachs on that one everybody where you get you clients everybody you guys need to get the housing market this thing is going up there's no stopping it everybody get the shorts ready we're about to crush the market yeah go ahead get in there it's gonna go up make sure you get your you put your not your put put your calls in because you think it's gonna go higher we're gonna put our puts in its go along and then it went it's crushed did Jamie Dimon just pull a textbook Goldman Sachs maneuver that's the question the answer is yes what she says which is here's two suits with it suggests two scenarios either one JP Morgan is buying for its own account at Diamond manipulated lower prices remember Dimon said any trader who bought Bitcoin would be stupid and fired right or number two JP Morgan is buying for clients seemingly offering no sense of fiduciary care amid diamonds warnings to the world that the cryptocurrency is a fraud his JPMorgan securities knowingly allowing clients to buy securities it believes are a fraud which one is it Jamie here's here's a screencap that's a very appropriate that on Zero Hedge hey everybody you know big coins are fraud he causes he's close guys hey what price did we get in a excellent that damn Jason four was on there talking to his people tell him that we were making a fire so happen for everybody he's right what do we get in on how what was the low and I did see some of your comments $36 litecoin some of you six bucks OMG oh man I tried to tell everybody but the old textbook saying buy low sell high it's that simple but it's not as simple to figure out where the low is and where the high is right that's that's the tough part however I am watching your comments and I just can tell quite a number of you have done just so epically timed you guys handled it like a boss anyways interesting information isn't it old Jamie Dimon take care
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