As one of the biggest shareholders in the Federal Reserve, it makes absolute sense why the JP Morgue is doing this. The silver lining is that they are exposing how rigged “the market” is & their financial WMD’s
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I think we are going to see more of this as big corporates are waking up. To crash the price from 125-85 was inevitably co-ordinated, and the timing just before Christmas was clever. Gone are the days when we can say "we will never see ${} again".
Unfortunately, its a reminder that a lot of people are not committed to Bitcoin as an ethical form of money, and will sell on any indication from the big fiat players.
Fear and greed are the biggest problems that a lot of folks have especially. The fiat mind can’t comprehend money without any counterparties or a central issuer hence their understanding of btc is more informed by fiat profits than being free from the clutches of the banking cartel. I am not complaining, “cheap sats” are always a good thing 😁
