JP Morgan is now putting out reports about “Bitcoin’s intrinsic value.”
https://twitter.com/apompliano/status/1130444930885783553?s=21
https://twitter.com/apompliano/status/1130444930885783553?s=21
If JP Morgan is telling you bitcoin has intrinsic value, it means they're definitely not buying any and pray you will buy theirs for more than they bought it for. They're not looking forward to doing a market sell and sending the price of both Ethereum and Bitcoin to zero before even half of it is unloaded because there's no liquidity and they want to dump hundreds of millions of it.