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OMG! JAMIE DIMON SAYS "BITCOIN IS WORHLESS! IS BITCOIN FUTURES ETF COMING IN NOVEMBER?

Cryptoteacher · 2021-10-12 · 유튜브 시청 3,294 · Board Views 9 · International

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we're going to a different economy and we're going to be learning more about that uh as we go but clearly we're we're learning that things can be done uh from remote locations we're learning that technology can replace people even more than we thought we're not going back to the same economy we're going we're recovering but to a different economy and it'll be one that is more leveraged to technology and i worry that that is going to make it even more difficult than it was for for many workers in silicon valley and my friends who work in technology know that what we did to the manufacturing workers we are now going to do to the retail workers the call center workers the fast food workers the truck drivers and then even bookkeepers accountants uh insurance agents lawyers and on and on through the economy so what happened to the manufacturing workers a very clear sign this effort and china has big plans for this they intend to seed their digital you want into the global environment by giving it away to visitors at next winter's olympics when they arrive at the airport they're going to get you want digital wallets they're going to receive digital u1 they're going to use it throughout their visits to beijing and then they're going to take it back to their home countries they've seen this as a huge advantage why because who controls the underlying protocols who controls the underlying standards of the future of money will control the future of money so on september 12th jamie dimon says bitcoin is a fraud he says he'll fire any one of his traders buying bitcoin bitcoin drops 24 when jamie dimon speaks people listen people listen so that weekend we found out that the largest buyer of a of a bitcoin fund that's in europe that buys physical bitcoin right the largest buyer was mortgage stanley and jp morgan and that's not only welcome to the crypto teacher and guys you know i come back with that video just to make you think and we have jamie diamond coming back out with the hegelian dialectic stating that bitcoin is worthless and guys is bitcoin in a bubble yes it is we know it's in a bubble we know the fed is pumping cryptos and stocks but we do know bitcoin is not a fraud bitcoin is not worthless bitcoin and cryptos are for the fourth industrial revolution the robots algorithms drones is definitely coming to replace humanity now as we can see guys on all the news outlets that's all you hear about is a bitcoin etf bitcoin futures etf that's how we know is definitely coming because they're talking it up but we also know when it comes to international we already have bitcoin etfs and has not affected the price why because we need regulation especially in the united states no one's going to be putting 401 km pensions and bitcoin if it's not regulated but we know iso is coming next year that's global regulation for bitcoin now guys do not forget every single month they come up with some type of topic that brings bitcoin down remember last month it was bitcoin this is going to be a new topic this month because we know when it comes to the new world order it's all planned out you have a wonderful day jp morgan ceo jamie dimon though not bullish no surprise here uh yahoo finances jennifer schomberger here with the very latest comments from diamond worthless is that what it comes down to hey good afternoon yeah that's right uh ceo of jpmorgan jamie dimon speaking out this afternoon at the institute of international finance saying again that he thinks that crypto is quote unquote worthless though he does believe in the underlying technology of blockchain and he says that stablecoin is real he says the government is going to regulate crypto of course we know that uh diamond a long time critic of crypto trashing bitcoin as a fraud in the past saying it has no intrinsic value but also speaking this afternoon at the conference with citigroup's chairman john dugan who says that he thinks it would be appropriate quote uh for banks to hold higher capital requirements against crypto assets on their balance sheets of course these comments coming ahead of new uh regulatory proposals that are expected in washington uh later this month from the treasury we know that they are considering uh regulating stable coins as money market funds or uh using uh traditional bank regulations and speaking with the head of the occ uh recently last month he told me that capital requirements are indeed on the table it's just a question of how high so for a bitcoin etf but sec chair gary gensler has signaled his support for a bitcoin futures etf he seems pretty cold to a pure bitcoin etf without clear regulatory control over entities like the bitcoin exchanges can you handicap this at all for us how is this going to play out um well i wouldn't say there's a zero chance of a bitcoin etf approval uh the deadline for our application and these things can be extended but this is an unextendable deadline by statute is november 14th so between now and november 14th or the friday before we'll know whether the sec will approve bitcoin physical bitcoin etfs or not i would say that in the space we launched the first pure play sort of cryptocurrency company etf called dap in uh in april of this year so i just wanted to make sure that people know that we do have a product in the market um but as far as regulatory approval i do think as well uh you know the sec wants to have some visibility into the underlying bitcoin markets and i think they've got that a little bit when they asked coinbase or told coinbase not to list uh a product that gave interest on crypto holdings and coinbase backed off so they're clearly have some control over over players in the underlying bitcoin market so maybe that increases the chances uh from zero but i have no idea what they are okay so we now know november 14th is sort of the drop dead date for a bitcoin etf up hit thumbs up or thumbs down but what about bitcoin futures there you've got an application for that as well that's going to go live at the end of the month i understand unless they there is objections and they kick the can down the road what are the issues around a bitcoin futures etf can they kick the down the can down the road even on the bitcoin futures at this point uh yes i mean they're let me at least from an investor perspective and this is not regulatory the issue with the futures etf is the dynamics of the futures curve and without getting complicated and talk about contango too much in bitcoin rallies bitcoin futures strategies can underperform by even up to 20 a year so that's a pretty big number um the the regulatory issues around it um are can uh us ets invest in canadian bitcoin etfs that seems unlikely now that's one issue and the other is that there are limits on how much any fund or fund company can own at bitcoin futures that's based on the futures contract so what if the bitcoin futures etf gets too big so there are there are still issues out there the most powerful person in the world is the storyteller the storyteller says the vision values and agenda of an entire generation to come steve jobs and guys you know i truly believe in this when you look at the new world order they're the storytellers and that's the reason why i wrote my new wrote order book but guys now it's time to change the current generation and i wrote three kids books you know i love the trinity because i understand the power of that senate so i have three books we have an opportunity to change the generation to educate not just me but i want to show you that i take action on a daily basis and i want you to take action on a daily basis whether it's your job whether it's in your community we have an opportunity right now to educate the masses i posted this on my twitter account please share but this is a short clip of the three books there's going to be a clothing line and action figure please get these books for your kids nephews cousins friends so therefore we can start the re-education now because as we see the fourth industrial revolution foundation is definitely here robots algorithms drones taking humanity out the picture we have to re-educate but let's get into the video part one okay it's mandatory to get part one part two and part three of this series it's time to re-educate generation z

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