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Thread: Bitcoin as an investment is solidly competing with gold葉hanks to millennials,

  1. #1

    Bitcoin as an investment is solidly competing with gold葉hanks to millennials,

    https://decrypt.co/46201/jpmorgan-te...ecade-too-late

    Bitcoin as an investment is solidly competing with gold葉hanks to millennials, JPMorgan reportedly said yesterday in a note to investors.

    The investment bank said Friday that "the potential long-term upside for Bitcoin is considerable as millennials 努ould become over time a more important component of investors universe, according to a report by Business Insider.

    The US痴 biggest bank by total assets added that "even a modest crowding out of gold as an 'alternative' currency over the longer term would imply doubling or tripling of the Bitcoin price.
    And despite Bitcoin typically labeled as a store of value, JPMorgan added that the biggest cryptocurrency by market cap could be used for what it was originally intended to do傭uy things.

    鼎ryptocurrencies derive value not only because they serve as stores of wealth but also due to their utility as means of payment, the bank reportedly said. 典he more economic agents accept cryptocurrencies as a means of payment in the future, the higher their utility and value.



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  3. #2
    I'm sure JPM is giddy, as the dumb slaves clamor to accept literally *nothing* in exchange for their labor, while JPM builds the largest physical metals stash in world history.

    "Gold is money, all else is credit." - JP Morgan
    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

    Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

    But now you can't talk to people because of "social distancing"....brought to you by shills and politicians.

  4. #3
    Quote Originally Posted by devil21 View Post

    "Gold is money, all else is credit." - JP Morgan
    That's so 2000s.

    Bitcoin is deemed better money to MicroStrategy with its 100 years BITCOIN HODL strategy.

    many institutions will FOMO.

    its a given. Buy 1 BTC before ATH please for god's sake.

  5. #4
    Quote Originally Posted by Mordan View Post
    That's so 2000s.
    Um, what about JPM actually amassing a giant physical stash of precious metals RIGHT NOW? That's not so 2000s. I'm going to bet it's because the FedCoin will be metals backed in some form, in order to "re-establish confidence" after the unbacked FRN petrodollar system has fully collapsed.

    Bitcoin is deemed better money to MicroStrategy with its 100 years BITCOIN HODL strategy.

    many institutions will FOMO.

    its a given. Buy 1 BTC before ATH please for god's sake.
    Naaa I'm good, thanks. I tend to believe JP Morgan's assessment over yours.
    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

    Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

    But now you can't talk to people because of "social distancing"....brought to you by shills and politicians.



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