JP Morgan Chase and Bitcoin

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[admin]

JP Morgan accused of Manipulation because of Irrational and Unfounded Bearish Bitcoin Predictions

is anyone actually surprised that jpm would pull a stunt like this?

we're talking about a company with a ceo that stated:

"I'm not a bitcoin supporter, I have no interest in it" - 2021

"if you're 'stupid' enough to buy bitcoin, you'll pay the price one day" - 2017

needless to say, it's not a surprise at all that someone who said "it's just not a real thing, eventually it will be closed" was trying to manipulate the market to drive down crypto.

[admin]

Criticizing JP Morgan as “master manipulators,” analyst Lark Davis shared his opinion on this projection by stating,

“There is not a market they haven’t manipulated … Now that the market is down they’ve of course become very very bearish. They’re putting out bearish predictions, saying that we’re going down to $20-25,000. And of course, at the top they were saying that we were going to go up to $140,000.”

He added,

“Now, if Bitcoin does go down to $25,000, and their initial prediction for $140,000 remains true, then surely you want to buy the $25,000 Bitcoin because we’re going to go up to $140,000.”

[TheWorldNewsOrg]