JPMorgan Chase CEO Dimon Wants to Shut Down Crypto

He’s at it again…

JPMorgan Chase head honcho Jamie Dimon – an unrelenting bitcoin critic – continued his anti-crypto assault during a Senate Banking Committee hearing.

“If I was the government, I’d close it down,” Dimon told lawmakers on Wednesday.

Wow!

This is coming from a guy whose bank has fully embraced blockchain technology.

Don’t just take our word for it…

Let’s introduce you to Onyx, JPMorgan’s “cutting-edge blockchain solutions to complex business challenges.”

According to the bank’s own website, Onyx “delivers new capabilities and transformative technology.”

It also offers “native tokens” and “decentralized finance.”

So let’s get this clear… JPMorgan touts blockchain as “transformative technology.”

Yet Dimon wants to shut down said “transformative technology.”

As the kids today say, “Make it make sense.”

It doesn’t.

And as Daily editor Teeka Tiwari told his Palm Beach Letter subscribers in a recent video update, you should just ignore Dimon.

(Paid-up subscribers can watch it right here.)

Let’s unpack what Dimon said. First of all, no one can shut down crypto. No one can shut down bitcoin. It’s why the traditional financial system is starting to embrace it because they know they’ll be displaced by it.

And second, we need to look at the track record of JPMorgan. The bank has been fined $39 billion over the past decades for all manner of fraud. If you add up all the fraud in the crypto space in terms of actual real dollar losses… I don’t know that we’re going to hit $39 billion.

When it comes to crypto, we hope you’ve ignored Dimon over the years. Since he started his crusade in 2014, bitcoin is up over 5,300%.

And while Dimon is still stuck in prehistoric times…

The banking system he’s trying to insulate from change recently launched a new crypto venture that Teeka believes will kick off a Third Wave of massive profits.

It’s backed by some of Wall Street’s biggest financial firms, including Charles Schwab and Fidelity. And it’ll be run by former executives from CME Group, Citadel Securities, and Goldman Sachs.

Combined, these firms have more than $11.5 trillion in assets under management and 77 million active broker accounts.

The name of the venture is EDX Markets. Teeka gives the full rundown here.

But know this…

Currently, the marketplace supports the trading of bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). We expect the number of digital assets traded to grow as the marketplace expands.

So ignore the naysayers like Dimon. Even his own bank has embraced crypto.

And if you want to find out the five tokens that will help build out the infrastructure for projects like EDX, click here to stream Teeka’s full market briefing on the Third Wave.

A Bitcoin ETF Is Just the Beginning of the New Bull Market
Bitcoin ETF approval is imminent, and it will be a major win for crypto. But you need to be prepared for a possible pullback… followed by an even bigger catalyst unleashing the Third Wave of crypto profits.

This New Crypto Trend Could Impact Every Account in the U.S.
The types of life-changing crypto profits I’ve helped readers make over the years come in massive waves. If you missed out on the last two waves of crypto profits, you now have a third chance to turn a small stake into generational wealth.