Posted 12/14/2023, 3:02:32 AM
JPMorgan Quietly Expands Crypto Team Despite CEO's Public Stance
- JPMorgan has tripled its crypto team ahead of potential Bitcoin spot ETF approval, despite CEO Jamie Dimon recently saying he would shut down crypto if he ran the government
- Speculation that JPMorgan is attempting to short the Bitcoin market like they did with gold spot ETF launch
- Crypto investor Jason Williams suggests Dimon bashing crypto publicly while growing crypto team internally reflects strategy to short Bitcoin
- Others argue shorting synthetic Bitcoin created by JPMorgan would have little impact on actual Bitcoin price and supply
- Reality could simply be disagreement within JPMorgan executives and teams on crypto outlook