Originally published at: JPMorgan still has confidence in the cryptos | Boing Boing
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Has confidence in Crypto, or knows that the current housing bubble is about to burst, that commercial real estate is going to crater due to WFH policies, and also that crypto pricing is MUCH easier to manipulate than real assets…
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It’s disturbing but not surprising that large banks are advising their clients to buy this risky, volatile garbage. Whether it goes up or down, the casino always wins.
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JP Morgan still looking for suckers in the crypto pyramid schemes.
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All the way down, to the moon!
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COAL HANDS
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The market can be irrational for longer than your funds can last.
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I guess their view is . . . never bet against human stupidity?
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Oh shit. Now we’re going to have another bank bail-out.
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It would be no bad thing if a complete collapse in crypto were to take down JP Morgan - but why do I have this nasty feeling that they’re ‘too big to fail’, and the taxpayer would end up bailing them out?
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“JPMorgan has done the math and they are confident that they can find a greater fool when it’s time to get out of the game.”
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It’s ok, the government will just bail them out when it all turns to shit, right?
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Properly translated headline and first sentance of this article:
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Probably more accurate
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