Why does JPMorgan hate bitcoin? 👀👇🏼
The CEO’s public disapproval for Bitcoin, stating to fire any employee trading it, is CRAZY.
What isn’t widely known is that JPMorgan has been deeply involved with blockchain technology and cryptocurrency since 2015. Their focus has been on Ethereum-based projects, which offers them a level of control they can’t have with Bitcoin. So, why the hate on Bitcoin? It’s simple: control.
Bitcoin operates outside any one entity’s control, posing a threat to institutions like JPMorgan. Historically, JP Morgan has played significant roles in shaping the financial landscape, notably in 1907 when they played a part in creating the Federal Reserve.
They even went as far to exacerbate a bank run to consolidate control and bail out banks, thereby solidifying their influence over the financial system. Now, JPMorgan aims to reshape the financial system once again, this time through Ethereum-based solutions.
Their actions are part of a recurring theme: using financial influence to maintain power. Bitcoin disrupts this pattern, which is why they see it as a threat.
Alexander Lorenzo, cool video I loved it