JPMorgan still has confidence in the cryptos

JPMorgan still has confidence in the cryptos:

Crypto, the most perfectly designed way to separate a person from real wealth,

I love that sentence fragment, but I would insert “so far” as there are at least as many scammers as there are suckers in any market, and I would spell out “cryptocurrency”.

is still high on JPMorgan’s list of things to gamble on. They feel bitcoin is massively undervalued and the entire crypto shellacking that has gone on in 2022 is “capitulation.”

In fact, they are swapping out investments in real estate for digital assets. In the words of Han Solo, “I have a bad feeling about this.”

/me checks portfolio

This entry was posted in economics and tagged by Paul. Bookmark the permalink.

About Paul

I’m a Detroit expat recently returned from Tokyo living in Chattanooga. I’m a consulting security professional and father of two. I promise that my views and politics are mine; not yours or my employer’s or anyone’s. I follow no party or affiliation or anything. My things are released under the Creative Commons Attribution-ShareAlike 4.0 International license unless otherwise stated.

Be nice with what you write.