Read the text below & the picture and check my previous note:
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‘JPMorgan CEO Jamie Dimon says he would “close down” #Bitcoin & crypto if he were the government.
“The only true use case for it is criminals, drug traffickers, money laundering, tax avoidance.”’
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According to data, criminals carry out 97% of money laundering activities through financial institutions. Banks mediate millions of financial transactions daily; Banks are at significant risk for financial crimes.
The estimated amount of money laundered globally in one year is 2% -5% of global GDP, or $800 billion - $2 trillion in current USD. Due to the clandestine nature of money laundering, it is however difficult to estimate the total amount of money that goes through the laundering cycle.
The global GDP in 2021 was $94 trillion in current USD.
Just four countries—the U.S., China, Japan, and Germany—make up over half of the world’s economic output by gross domestic product (GDP) in nominal terms. In fact, the GDP of the U.S. alone is greater than the combined GDP of 170 countries.
TL;DR: GFY Jamie Dimon
Study, learn, hodl, decouple.
#bitcoin 🧡
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My savings account: Bitcoin
The tool I recommend for setting up a Bitcoin savings plan: The @Relai 🇨🇭 app is especially suited for beginners or people who want to invest in Bitcoin with an automated investment plan once a week or monthly. Hence a DCA, Dollar cost Average Strategy. Check out my tutorial post and video for more info.
Get your Bitcoin out of exchanges. Save them on a hardware wallet, run your own node... be your own bank. Not your keys, not your coins. It’s that simple.
Do you want to know more about this? Check out my daily stories on Instagram. (yeah I know IG sucks🥴)
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If you have any questions, let me know in the comments or send me a DM!⬇️
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Felipe - Bitcoin Friday!
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#zap 🧡 #nostr #plebchain #grownostr #stacksats #bitcoineducation #adoption 