JP

RefrigeratorLow1259

Legit, but it's a permissions private chain which is cloud based, backed by JP Morgan, that's all I know...

amagadon

they're delisting everything that the various governments are against or could be viewed as an issue because they're an institutional financial service provider now, just like HSBC and JP Morgan.

pcs33

By chance is your friend’s name Jamie and he works at a bank called JP Morgan?

TroublePair0Dice

Jamie Dimon JP Morgan. So full of crap. Pretends like he doesn’t understand Bitcoin at all. Once heard him say, “What if Bitcoins countdown gets to the end and Satoshi just decides to make more?” Like when, in 2150 you ball bag?

good2goo

I think they want retail involve so they can earn money on transaction fees from exchanging ibit to btc. Coinbase is currently earning tens of billions of dollars on transfer fees alone. I think we are 12 months away from JP Morgan Chase letting retail hold btc in their checking accounts.

Tall_Status7970

JP said the Fed won't be holding BTC. Which is understandable, they don't hold gold either, or any other asset for that matter. The treasury will hold BTC, not the fed. He could have gone on to explain this, but if him and his mates were short on the markets as a whole in the week leading up to this, only bad news and pessimism is required.

Surflicksalot

Let see, defi needs a comeback and if it does come back. Sol will take most of the action. I agree Liberty Finance is on Eth but that's just one big project. Remember when Ohm finance..that was fun until it wasn't. The US will not adopt buying btc, the fed and JP cannot do so, plus why create problem for themselves when USD is world reserved...only thing is that defacto reserved btc in the US control. But I'm still bullish tho

Appropriate-Talk-735

Bitcoin dropped with the market, not based on what JP said about bitcoin. And todays rally is based on new stats that came in. But I do agree they make a good argument for bitcoin :)

devCheckingIn

There is a whole board of governors that decides, not just JP.

satoshiwife

Anything JP said which market couldn't digest and is now pricing in for that?

Acceptable_Can3285

if you don't get today's move based on JP's speech, you should not be investing.

mc_schmitt

Looks like JP Morgan hired Charles Lim to help protect the financial system (source: https://www.cnbc.com/2022/07/28/jpmorgan-hires-scientist-charles-lim-to-head-quantum-computing-unit.html) ... and the Bank of America is actively seeking a post-quantum cryptography engineer (source: https://careers.bankofamerica.com/en-us/job-detail/24046553/post-quantum-cryptography-engineer-multiple-locations) ... and HSBC is piloting quantum-safe technology for tokenised gold (source: https://www.hsbc.com/news-and-views/news/media-releases/2024/hsbc-pilots-quantum-safe-technology-for-tokenised-gold) ... Seems like banks are preparing.

Ethwh4le

Well i heard something else and that is JP saying the fed cant own btc as reserve thus killing hopes of america having a btc reserve… Thats what caused the sell off

robis87

hope harder. JP just owned your ass

ThriceHawk

Is this a troll? Chainlink is the one partnered with Swift. Swift is using Chainlink's technology to allow all of their 11,500 member institutions to integrate through their existing systems with any chain. Chainlink is partnered with almost all the major financial institutions... Fidelity, JP Morgan, The DTCC, Euroclear, USB, US Bank, Citi, Franklin Templeton, BNP Paribas, BNY Mellon, etc. Swift, and therefore all of these institutions as well, are using Chainlink because companies don't want to rely on, choose, or invest resources in buidling integrations for just any one blockchain, like Ripple. With Chainlink they'll be chain agnostic, able to use any popular one or (in many cases already) use their own.

ThriceHawk

LINK. Bitcoin introduced blockchain technology and won as the first major digital asset. Ethereum introduced smart contracts and lead as the major layer 1, enabling decentralizex applications. Chainlink has already won as the layer 0, oracle network that connects decentralized apps to existing systems / data. All of the major financial institutions are partnering with them and calling Chainlink key to what they're doing. Swift, the DTCC, Citi, JP Morgan, Fidelity, Euroclear, USB, the central bank of Brazil, US Bank, BNP Paribas, Trump's WLF, on and on. Yet LINK hasn't quite had it's BTC/ETH major run up to the top 3 where it belongs.

ThriceHawk

I'd honestly love to see anyone find a project in crypto more crucial, with more large name partnerships. It should be top 3. It's already securing almost all of DeFi. Coinbase just partnered with them. Trump's WLF just partnered with them, and just bought up $2M in LINK. Swift, who provides the main messaging network through which international payments are initiated for 11,500 of the largest financial institutions in the world, is in pre-production with them. Going into production next year. The Central Bank of Brazil has announced they're using Chainlink and Microsoft for their CBDC. Partnerships with Fidelity, Euroclear, USB, JP Morgan, Franklin Templeton, ANZ, US Bank, BNP Paribas, BNY Mellon, Citi... on and on.

Jumpman_08

And while they were saying all that, they were actively buying stakes with btc miners back in the day. Companies/banks have been all about this for a while privately. “Banking on Bitcoin” has a scene where a team at JP Morgan was working with this technology. Follow what they do, not what they say.

NationalBitcoin

JP Morgan asked in the 1920s, “If the shoe shine boys are buying stocks, who else is left? Shoe shiners cleaned shoes back in the time period. I remember them in airports in the 90s still, however they probably made more than their 1920s counterparts

cryptolipto

That right there is a competitor to what swift and chainlink have developed. Banks are lining up around the the block to use CCIP. Not ripples solution https://blog.chain.link/chainlink-banking-capital-markets-announcements/ Swift ⬡ Depository Trust and Clearing Corporation (DTCC) ⬡ Euroclear ⬡ Clearstream ⬡ Central Bank of Brazil ⬡ JP Morgan ⬡ State Street ⬡ UBS ⬡ BNY Mellon ⬡ Citi ⬡ BNP Paribas ⬡ Edward Jones ⬡ Franklin Templeton ⬡ Wellington Management ⬡ Invesco ⬡ Fidelity International ⬡ U.S. Bank ⬡ Lloyds Banking Group ⬡ ANZ Bank ⬡ MFS Investment Management ⬡ SBI Digital Markets ⬡ American Century Investments ⬡ Vontobel ⬡ Bancolombia ⬡ Mid Atlantic Trust d/b/a American Trust Custody ⬡ Banco Inter ⬡ Sygnum Bank ⬡ Six Digital Exchange ⬡ ADDX

foreycorf

I'm not misunderstanding the word stakeholders. It effectively means people who are heavily invested into Ethereum. Usually by both money and developer time. But possibly just money. My point isn't that they shouldn't have an interest in things my point is that is a very centralized way of governance. My point is that in the bigger scheme of things you can't use the argument of ETH decentralization to pit it against other random alts. It's the biggest alt, it theoretically has the best and brightest developers working on it because of its size. But when a developer on another chain comes up with something novel or when another chain is doing something better than Ethereum you can't run back to "but eth is decentralized!" Because it's just not. It's not in any meaningful way more decentralized than polkadot and in fact may be a worse company to pick as an alt-coin investor *because* of its "decentralization" as compared to a network like polkadot. Sure, polkadot is honest and upfront about saying "yes our network is controlled by our own system but inside our own system the *nodes of operation are decentralized*, and node operators who have a strong vested interest in our platform have a vote and their vote has actual weight." It is *so similar* in practice to the current state of Ethereum it's actually quite ridiculous polkadot has the colloquial label of centralization whereas ETH is somehow branded as decentralized. I've seen it explained elsewhere that Bitcoin is anarchical, polkadot is oligarchical, and systems like cardano are democratic with a leader who can veto any vote. I think this is pretty accurate. What I also think is eth would fit much more into the oligarchical description than anarchical. And unless you fit in the anarchical description I think your company is effectively centralized. Once again, nothing inherently wrong with centralization I just think it's important to point out that ETH is effectively just as centralized as cardano, polkadot, Solana, etc. Okay second thing. What is my main point about how is Ethereum in-league with the multinational institutions? You say it all sounds like hand-waving and sure, maybe you see it that way. That's fine. It's clear we do not share the same vision about that crypto is meant to accomplish in the world. Satoshi pretty clearly did not like or trust central banks. He didn't like the amount of control they have, their ability to debase the currency, the ability to loan at whatever rate they decide on a whim, the amount of trust required to interact with them. This is roughly my stance as well. When I say Ethereum is in league with that type of entity I mean I look at how the network participation is gatekept and what types of things are being built on top of and encouraged by Ethereum and I see "the same old thing." I see a network gatekept by a few thousand elites who can afford to play the game. I see central bank Lido offering 4% apr to lock your money up with a centralized party who is actually making 10-15% with the money you give to them. I see a network who propounded "code is law" roll back their entire network when someone found a vulnerability in their code. I see a central bank in digital form. Countries have no reason to build out a CBDC when Ethereum has built out and is acting as the very thing crypto was invented to eliminate. This is made clear by the BIS planning to use Ethereum to facilitate FX transactions (which obviously if an org as big as the bank of international settlements is releasing press about this then they have taken the time to talk to important figures at Ethereum and those figures have been accommodating). This is made clear by literal founding level members of Ethereum backdoor-selling controlling stakes of wallet/node technology to large banks such as JP Morgan. This is made clear by several tweets by vitalik himself essentially saying "nah the WEF isn't that bad guys you just need to get to know them." This is made clear by that same organizations labeling some coins (Ethereum is one of them) as "responsible," or "sustainable," while not promoting others. This is made clear by them using literally the same language in crypto and davos by promoting "stakeholder economics" which is really just code language for "the rich will control everything and you'll like it (or else)." Ethereum and altcoins like it can be a great tool to gain wealth. But make no mistake they are (mostly) all just altcoins who are willing to ride the coattails of central banks at the end of the day. Use them accordingly then funnel your money back home into BTC where they can't seem to get a foothold no matter how high it climbs. The best they can do is buy-in as well and that benefits hodlers anyway.

JackDaniel1979

It may go up for a little much , but not to 10x! It is very volatile and it can go 10 times downwards! We do have alway two directions! Eat can be the Bitcoin movement even more volatile since the Bitcoin ETF were approved in USA so the big players are involved and they can manipulate the bitcoin price much easier!!! The big Financial players such as black rock, Vanguard state Street JP Morgan, and others will definitely play out their own important role in order to control the price of bitcoin! If you ask me if the Bitcoin will sustain its own freedom in terms of individuals financial sovereignty, I cannot anymore support this fundamental goal of Blockchain revolutionized technology ! Long-term goals with bitcoin and cryptocurrencies are not the same as primary goal of decentralized digital currency, but to become a tool for digital control of super state aka One World Government! Web link: "They're Definitely Hiding Something" - Whitney Webb Bitcoin Prediction?!!https://youtu.be/dg9-OSIu-sM?si=FTnjqLl7wJqsVPeP via @YouTube

mikkeller

\- Bitcoin is far more "capturable" and in my opinion has a moderate probability of this happening - read the substack in my bio to understand this in more detail - but the TLDR; is that as block subsidy rewards halve and tend towards zero there won't be enough fees to cover mining operations and ordinals and runes are great and providing nice fees today but i'd argue that this isn't the way to build a sustainable onchain economy as Bitcoin lacks the expressivity to have true L2s and smart contracts (and right now it all uses some level of additional trust assumption) and even with OP\_CAT added you still have a very clunky version of the elements to construct a rudimentary version of trustless L2 and smart contact (or ZK settlement) but even then because Bitcoin can only process 4MB of data per every 10 minutes, then it's bottleneck quickly becomes its data availability and we go right back into the blocksize wars again if you want to have a sustainable Bitcoin.  So in this case you either fork bitcoin to make it more like ethereum, or you don't and then it's no longer profitable to mine bitcoin and it has to be mined at a loss and subsidized and it would most likely be subsidized by nation states and large corporations who are heavily allocated and building businesses on it, and at that stage this is the anthesis of Bitcoin because then mining is very centralized and loses it's ability to be censorship resistant. \- To address the JP Morgan and Blackrock "capture" can you be very explicit in what you mean by this because it lacks any hard substance. I know other than JP Morgan made investments into infrastructure businesses like Consensys and Blackrock who has an ETF product and has deployed a decentralized finance protocol on Ethereum called BUIDL which is a tokenized Tbill essentially (but this is bullish because they don't have any control over the protocol, they're using it just like any of us and deploying smart contacts). Can you be specific on what forms of capture or what you think is malicious that can happen here? \- Even entities like flashbots and other MEV based businesses can't censor blocks or produce an invalid state transition.  They are capturing value but then there is also likely to be MEV burn introduced which would burn a majority of that ETH, most of the MEV goes to the individual block proposer anyway as MEV searchers bid up their block ordering bundle to win the bid from other bundles and this is sub 10% but there are some issues and improvements to be made here which are being worked on.  Like multiple proposers and decentralized inclusion lists where the block builder can order the blocks however they like but they're forced to include all transactions in the pool list. Ultimately Ethereum has an ethos of being adaptive and a vision of making the substrate for the future global digital economy and is working to remove all currently obvious "hooks" that could centralize, censor, or disrupt the network. Please let me know if there's anything else I missed, these are all really good points you're bringing up and this is good discourse to have to correct any outdated information circulating.

Heizton

Most tokens have seen increases between 80% and 200% in just one year. If I were you I wouldn't be greedy and take my gains. No one loses money when selling in the green. Some thoughts: In 2025, there's a 45% chance of a recession according to JP. Germany and France are expected to experience economic contraction (European car makers are going downhill). Possibility of a global trade war. So much money has been poured into AI ventures that could burst like the dotcom or metaverse bubbles. In Western countries, rental costs are rising faster than wages. Everyone’s so optimistic here, but with all these uncertainties it only takes one unforeseen event to trigger another downturn. What happens if the regulatory expectations aren’t met, like most of the political promises? Expectations are high but risks of overhype or things falling short are real.

JustStopppingBye

Chainlink will become more valuable than Ethereum once their platform with Swift goes live. >a big role in the blockchain landscape Chainlink is playing the biggest role for banks/institutions wanting to adopt blockchain. ⬡ Swift ⬡ Depository Trust and Clearing Corporation (DTCC) ⬡ Euroclear ⬡ Clearstream ⬡ Central Bank of Brazil ⬡ JP Morgan ⬡ State Street ⬡ UBS ⬡ BNY Mellon ⬡ Citi ⬡ BNP Paribas ⬡ Edward Jones ⬡ Franklin Templeton ⬡ Wellington Management ⬡ Invesco ⬡ Fidelity International ⬡ U.S. Bank ⬡ Lloyds Banking Group ⬡ ANZ Bank ⬡ MFS Investment Management ⬡ SBI Digital Markets ⬡ American Century Investments ⬡ Vontobel ⬡ Bancolombia ⬡ Mid Atlantic Trust d/b/a American Trust Custody ⬡ Banco Inter ⬡ Sygnum Bank ⬡ Six Digital Exchange ⬡ ADDX [https://blog.chain.link/chainlink-banking-capital-markets-announcements/](https://blog.chain.link/chainlink-banking-capital-markets-announcements/)

ChampionshipIll2504

Countries: * Russia: start with Putin's comments on Bitcoin being uncontrollable. * Ukraine: very pro crypto (+3yrs pays no capital gains tax) * If you want to get speculative, look at Morocco's political moves at removing their bans on crypto. * Brazil: pushing to create a treasury. * China having several companies purchasing Bitcoin (nothing at the rate of the U.S. companies like MicroStrategy). * Europe: Germany, Britain planning on creating treasury in 2026. * [Singapore Bank DBS on Bitcoin](https://www.dbs.com/newsroom/DBS_to_launch_crypto_options_trading_and_structured_notes_for_institutional_investors_and_wealth_clients) US Companies: * MicroStrategy, JP Morgan, Rumble, Tesla and Blackrock. * Speculation: Amazon, Microsoft, Apple (Apple CEO has owned BTC) DYOR and please PM or comment if you'd like me to include or correct my information. I'm still learning and very open to getting the facts straight. :)

ScottyRed

You may be correct. But to some, downside elements you mention could be a feature, not a bug. The idea of one of the core values is everything needs to be decentralized and sovereign and all kind of libertarian in a way isn't necessary for success. Maybe XRP is somewhat centralized. So is Citibank and JP Morgan, and several incumbent companies that provide global payments. They're all maybe still fine investments. You just have to know what you're buying and, if you think it's got long term legs, you allocate something to it. But just like any other portfolio, you diversify so if the worst of what you talked about comes to pass it's just one more bet.

Dogs_Pics_Tech_Lift

Also, the mindset and framing is kind of interesting. BTC mining is transaction validation and security in a sense. So I’m curious to see how much energy an entity like JP Morgan Chase uses which is really the same thing as BTC in a lot of ways. Chase has ~3.5T and BTC has ~2T under “management” I wonder what the relative energy footprint between the two is to do similar things. Store and transfer finances.

Tallywacka

JP is an absolute PoS *for sure*, but isn’t he actually better at rug pulls? The discord call i heard part of when they were on the phone with coffeezilla seemed hilariously bad, like they were trying to bullshit him and hes like…”all the evidence and sales are coming directly from the creator wallet”, like they didn’t even bother to do the basics Either way i hope they all get cooked, but even then it seems like pennies in the dollar for restitution is the status quo

Every_Hunt_160

This was always inevitable, nobody can compete with the likes of BlackRock and JP Morgans in terms of wealth if they really want something

Efficient-Estate-346

how? like it's in 8 years (yeah i mean fuck it it's already december eh,) even JP MOrgan that was one of the only saying 140k per btc is saying that 1 mili is not before 2050

NotCoolFool

Anyone that’s been here for more than 5 minutes knows that of all people Standard chartered are the absolute worst at forecasting anything to do with BTC, ahead only just of JP Morgan. These clowns have no fucking clue what they are chatting about.

_Commando_

Why would you say to everyone that you'll buy X, Y, Z before you bought any, which would increase your own buying price before you actually bought it. Normally, they yell it's a scam and secretly buy it like JP Morgan, then later on they say "they'll buy it because their customers are interested in it" after the price has already shot up. So all these articles releasing sh't that they'll buy BTC in 2025 is just price manipulation, nothing more.

gibro94

People tend to forget that the whole reason crypto exists is to create a new financial system that is not governed by banks and large centralized agencies. It exists to be a financial tool that anyone in the world can use and is uncensorable. Another value of crypto is fair distribution and a hedge against inflation. Let's pretend tomorrow JP Morgan released JPM coin and they own 50+% of the tokens, and the chain does "cross boarder payments settled in JPM coin". And guess what the nodes are run by trusted partners "other banks". Feel free to build on top of this "decentralized" JPM chain.

If_ukno_ukno6661

So you mean to tell me you don’t think ETH is centralized. It’s basically JP Morgan coin.

Scorpio780

AVAX! the fact that black rock and JP Morgan has Partnerships with Avalanche Network even you can be sure they plan to make their money lol CRO! Crypto.com will be bringing their main Exchange to the USA this first quarter, and they intend to be one of the first crypto exchanges to offer stocks and interest bearing cash accounts, so that has huge potential..

staydrippy

People have been saying this ever since Jamie Dimon, CEO of JP Morgan Chase, compared Bitcoin to Tulip Bulbs back in 2017 when Bitcoin was trading around $4000. That’s only three zeros- FOUR THOUSAND DOLLARS. If you were to ignore Jamie Dimon (who knows more about finance than you could ever hope to learn) and you purchased Bitcoin at that time, you would have achieved a roughly 25X return by now. You could have turned $10,000 into $250,000 in 7 years time. So yeah, maybe you’re right, maybe it crashes. Then again, maybe you’re wrong, just like Jamie Dimon was wrong, and maybe there’s another 25x return waiting just down the road. Do you willingly miss out on that opportunity because you believe you know better than everyone else? Food for thought.

termn8or3000

I literally JUST read a report in Crypto NewZ that says that Blackrock, the world's largest asset manager, is preparing to invest... Hold onto your pants for this.... $9 TRILLION (That's with a "T" and NOT a "B" or "M".... Oh, oh, I think I'm hearing the sounds of incoming "BM" jokes now) into XRP. IF this report turns out to be true and accurate, it's likely to help send the price of XRP parabolic. Also apparently JP Morgan/Chase is ALSO set to invest heavily into XRP and this is just the mere TIP of what's shaping up to be one HELL of an iceberg. As of the report, XRP had a market cap of $150 BILLION having overtaken Tether for the #3 Crypto position by market cap. If even HALF of the banks and other financial institutions I'm hearing about getting set to invest in XRP behind the scenes turns out to be true and accurate, then folks, we're heading into possibly uncharted territory and generational wealth that FEW of us ever dreamed would become possible. I'm NOT saying we should hold our collective breath yet BUT... I AM saying that you might want to make sure you fill your bags with as much XRP as you can reasonably afford to invest. Because I'm seeing/hearing/reading about what's supposedly coming our way in the VERY near future concerning XRP. And, again, if it's truly so, then those who practice the "6 P's" of (as I was taught decades ago in the US Marine Corps) "Proper Planning Prevents Piss Poor Performance" will be greatly rewarded. Good luck to everyone😁👍❤️🤗

cryptolipto

This is what’s up: ⬡ Swift ⬡ Depository Trust and Clearing Corporation (DTCC) ⬡ Euroclear ⬡ Clearstream ⬡ Central Bank of Brazil ⬡ JP Morgan ⬡ State Street ⬡ UBS ⬡ BNY Mellon ⬡ Citi ⬡ BNP Paribas ⬡ Edward Jones ⬡ Franklin Templeton ⬡ Wellington Management ⬡ Invesco ⬡ Fidelity International ⬡ U.S. Bank ⬡ Lloyds Banking Group ⬡ ANZ Bank ⬡ MFS Investment Management ⬡ SBI Digital Markets ⬡ American Century Investments ⬡ Vontobel ⬡ Bancolombia ⬡ Mid Atlantic Trust d/b/a American Trust Custody ⬡ Banco Inter ⬡ Sygnum Bank ⬡ Six Digital Exchange ⬡ ADDX

cryptolipto

Chainlink is working with and testing their product with : Swift. Depository Trust and Clearing Corporation (DTCC). Euroclear. Clearstream. Central Bank of Brazil. JP Morgan. State Street. UBS. BNY Mellon. Citi. BNP Paribas. Edward Jones. Franklin Templeton. Wellington Management. Invesco. Fidelity International. U.S. Bank. Lloyds Banking Group. ANZ Bank. MFS Investment Management. SBI Digital Markets. American Century Investments. Vontobel. Mid Atlantic Trust d/b/a American Trust Custody. Banco Inter. Sygnum Bank. Six Digital Exchange. ADDX. https://blog.chain.link/chainlink-banking-capital-markets-announcements/

cryptolipto

Swift. Depository Trust and Clearing Corporation (DTCC). Euroclear. Clearstream. Central Bank of Brazil. JP Morgan. State Street. UBS. BNY Mellon. Citi. BNP Paribas. Edward Jones. Franklin Templeton. Wellington Management. Invesco. Fidelity International. U.S. Bank. Lloyds Banking Group. ANZ Bank. MFS Investment Management. SBI Digital Markets. American Century Investments. Vontobel. Mid Atlantic Trust d/b/a American Trust Custody. Banco Inter. Sygnum Bank. Six Digital Exchange. ADDX. https://blog.chain.link/chainlink-banking-capital-markets-announcements/

Lexsteel11

Didn’t JP Morgan also get off the boat at the last minute? And the titanic had a sister ship they were underwater on for mechanical issues, and didn’t submarine drones find vin numbers scratched off engine components? I love titanic conspiracies

ThriceHawk

Chainlink is in pre-production with freaking Swift. They are partnered with Citi, JP Morgan, Euroclear, the DTCC, UBS, Central Bank of Brazil, Fidelity, US Bank, ANZ, BNY Mellon, BNP Paribas, Franklin Templeton, Edward Jones. They have 2,776 integrations, including a vast majority of DeFi. Tell me one other crypto that is anywhere close to those names above.

mutedkooky

JP Morgan is not a private company..............

dewafelbakkers

No I think you do lol. JP Morgan or whatever bank west had partnered with is a private institution

East-Caterpillar-895

5 dollars, 1 dollar, a million. Doesn't matter. If it's not on a hardware wallet, its not yours. So far JP Morgan will give me my fiat money when I want to buy stuff but try to move 100k through the banks and see what happens. Crypto (shit coin) exchanges are still owned by companies with CEOs who *would never do anything to hurt you!* see: FTX. Bitcoin is the only one that has a proof of work legitimacy. Everything else is "trust me bro, I got your coins right here!"

-_-fumba

I wonder how much has been laundered through JP Morgan Chase?

rawmixs

Exactly my point, too. JP Morgan being one of them, started using blockchain back in 2015, started using it for cross-boarder payments in 2020.

Super_Matter_6139

Chainlink’s growth has been impressive, but the whole “2000 partnerships” claim and mentions of big names like SWIFT, Google Cloud, and JP Morgan often get overhyped. Let me break it down: 1. What Does “Partnership” Even Mean? Most of these partnerships aren’t formal agreements where companies are deeply tied to Chainlink. A lot of them are just integrations—projects using Chainlink’s oracles for data feeds. It’s useful, but it doesn’t mean these projects are fully dependent on Chainlink or driving massive value for it. 2. Big Names Like Google and SWIFT: Google Cloud: This isn’t some exclusive partnership; it’s more like Google making Chainlink available as a tool developers can use. It’s a nice integration, but it’s not like Google is heavily backing or promoting Chainlink. SWIFT: They ran some tests with Chainlink’s CCIP (Cross-Chain Interoperability Protocol), but this was more of a trial than full-blown adoption. SWIFT does these tests with lots of tech—it’s not a guarantee they’ll roll it out widely. 3. Financial Institutions (JP Morgan, Citigroup, etc.): There’s little evidence of big banks like JP Morgan or Citigroup actually using Chainlink in any meaningful way. For example, JP Morgan has its own blockchain projects like Onyx and Liink, which compete with decentralized solutions like Chainlink. It feels more like wishful thinking than reality. 4. 2000 Partnerships – Quantity vs. Quality: The number sounds impressive, but how many of these are actually making a difference? Many are small projects or even inactive ones, which don’t really add much value. Quality over quantity matters, and Chainlink’s list of partnerships might look big, but not all of them are game-changing. 5. The Bigger Picture: Chainlink isn’t the only oracle in the game. Competitors like Band Protocol and API3 are out there too, so Chainlink needs to stay ahead. The key question is whether these partnerships actually give Chainlink a competitive edge or if they’re just good PR Bottom line is The “2000 partnerships” claim is overplayed. Sure, Chainlink’s tech is solid, but listing a bunch of names doesn’t mean they’re making a huge impact. If someone’s looking at whether LINK is undervalued, they’d be better off digging into things like actual usage, revenue from its services, and how it’s doing compared to competitors. Without that, it’s just hype dressed up as fundamentals.

Jenn2895

Their team consists of top computer scientists & former Google execs. Sergey got the domain “smart contracts” less than a week before Satoshi released Bitcoin whitepaper. Link founder is 1 of the OGs. Tokens capped at 1 billion. Tech is unmatched & needed by all of Web 3 & financial institutions. They also have numerous patents. Over 2,000 partnerships including some big names like Sony, Oracle, Google cloud, Swift (messaging system for over 11k banks), DTCC (the stock market which plans to tokenize), JP Morgan, Anz Bank, Franklin Templeton, Goldman Sachs, CitiGroup, etc etc. Speaking of CitiGroup, they predict Chainlink may take prominence over Btc. This is due to their utility. They will be critical infrastructure for Web 3 & the financial system. $Link with the market cap of Bitcoin puts it at $3k per token… it’s currently $17.

jarviez

The thing about Bitcoin is it's freedom. ... but the flip side is that that freadom is just just for individuals ... The ETFs, the JP Morgans and all the other big money, corporate, and national interests were always going to take a huge slice and long before it made it to 100% adoption by the masses.

ModernRefrigerator

Makes me think of this quote from JP Morgan: "Millionaires don't use astrology, billionaires do." - J.P. Morgan

Fine_Opportunity_171

The best thing about this is that your JP Morgan quote was completely made up by some astrology quack 75 years after JP Morgan died

Sure_Hedgehog4823

Compared to you, yeah, I’ll believe JP Morgan lol

Jenn2895

Their team consists of top computer scientists & former Google execs. Sergey got the domain “smart contracts” less than a week before Satoshi released Bitcoin whitepaper). Link founder is 1 of the OGs. Tokens capped at 1 billion. Tech is unmatched & needed by all of Web 3 & financial institutions. Over 2,000 partnerships including some big names like Sony, Oracle, Google cloud, Swift (messaging system for over 11k banks), DTCC (the stock market which plans to tokenize soon), JP Morgan, Anz Bank, Franklin Templeton, Goldman Sachs, CitiGroup, etc etc. Speaking of CitiGroup, they predict Chainlink may take prominence over Btc. This is due to their utility. They will be critical infrastructure for Web 3 & the financial system. $Link with the market cap of Bitcoin puts it at $3k per token… it’s currently $17.

simonj69

Spoofing... Jamie Dimon's specialty in the gold market... maybe JP Morgan is behind it...

nycteris91

I see cracks there. I mean, Metaplanet is following this playbook, MARA just announced that they'll raise $700 million to buy Bitcoin, other companies are doing this too. It is just a matter of time that massive cash flow machines do it, Microsoft, Visa, Chevron, Alphabet, JP Morgan, etc. What happens when they completely dry the supply?

nerbt1

JP Morgan is giving you 5.1% on a bitcoin backed loan? Or are you implying that this might be the case in the future?

magic-karma

lol. You made it through that entire conversation and your big question is the rate?😀 I borrow from JP Morgan Chase at 5.125% but expect it will be at 5% about the time BTC is 100k. You may have missed it, but the point here is to answer the OP question of how not to sell but take advantage of the rise in price. Using debt, one attains the liquidity without selling the underlying, and saves money by not paying capital gains. Here is something special just for you, the loan is less than the capital gains. 20% vs 5%,7%,9%, whatever rate you can get, it will be less than the capital gains tax. The icing is deducting the interest paid on the loan.

Silver-Maximum9190

Source Metaplanet Official: https://x.com/Metaplanet_JP/status/1858352792647225371

intelw1zard

I'm sure he will magically fall into a nice corpo gig at a place like Goldman Sachs or JP Morgan after his time at the SEC.

Jenn2895

There’s just no reason to gamble on which blockchain will win when Chainlink will connect them all. They have strong fundamentals. Team consists of top computer scientists & former Google execs. Sergey Nazarov is literally on the list of people who could be Satoshi. (Btc inventor). Just days before Satoshi published BTC white paper, Sergey registered the “smart contract.com” domain. So regardless if he is SN or not, he’s been in crypto since the creation of Btc. $Link has over 2k partnerships with major companies. Including the DTCC (plans to tokenize the stockmarket), Swift (financial messaging service for over 11k banks), Even BRICS have Chainlink listed in their plans. Others include JP Morgan, Intel, Microsoft, Google cloud, Oracle, Mellon, Anz Bank, etc etc. Almost everything is moving onto blockchain. Banks, Gaming, Gambling, Insurance, Real Estate, Derivatives, etc. Most banks & major companies will have their own blockchains. Just look at recent announcements from Sony, JP Morgan, Citi etc. Chainlink is NEEDED for all of them to be able to interact. Also, speaking of Citi, they predict Chainlink will take prominence over Bitcoin. They are positioning themselves to be critical infrastructure. Even the WEF has mentioned Chainlink as part of the 4th Industrial Revolution. $Link is only $14 right now. It hasn’t run yet. The ISO 20022 deadline for banks is Nov 2025. Everyone is going to be operating on chain afterwards. $Link has potential to be worth thousands per token once that transition is complete. You can also stake & collect over 4% + air drops = No need to ever sell your tokens.

McLovin-Hawaii-Aloha

It’s gonna be very rare to own an entire bitcoin in 15-20 years. There are 21 million total, 6 million or so lost in discarded hard drives and lost passkeys.. it will depend on application and adoption. I don’t see the US Dollar becoming Bitcoin but I do see large bank transfers using it as an asset. Like JP Morgan sending 2.16 bitcoin to an Italian Bank to cover $3 million dollar withdrawal:

medcannanx

What are you? JP Morgan or something?

afiqazni

Illegal ? 😂 Tell that to VanEck, Blackrock, Rothschild, Saylor, Coinbase, Binance, Trump, JP Morgan, Morgan Stanley etc...

Jenn2895

Look into Chainlink. Their doxed team consists of computer scientists & former google execs. They hold several patents. Have over 2k partnerships with major companies such as swift, dtcc (the stock market), ANZ bank, JP Morgan, Oracle, Google cloud, etc. They are positioning themselves to be critical infrastructure. Investment opportunity of a lifetime.

Cowboy_Auctioneer

As opposed to how many year the Biden administration set us back? Trumps coin and nft are irrelevant to the potential of how big the market can get with less regulatory red tape. A good example would be the tokenization of assets and on boarding huge firms and banks like JP Morgan and vanguard to be able to interact and transact will any blockchain/smart contracts they want. We’re not just talking billions potentially entering the crypto , but all of derivatives being on chain, which is hundreds of trillions. https://www.dtcc.com/dtcc-connection/articles/2023/september/21/bringing-capital-markets-onchain-with-dtcc-and-chainlink

classless_classic

[This](https://www.reddit.com/r/economy/s/XgqNyTGd71)is from the last couple of days. JP doesn’t give two fucks what Trump wants.

Jenn2895

Absolutely will hit a $2T market cap. I personally don’t think it will hit that this cycle but def by 2030. DTCC is tokenizing the stock market. Swift is the messaging service for over 11k banks. Anz, JP Morgan, Citi, Mellon… BRICS, Central Banks, etc. The entire financial system is moving on chain. It’s the largest change to the financial system in over 50yrs… & link is critical infrastructure in that system. There will be Quadrillions flowing through CCIP every year… & that’s just as an Oracle. & Chainlink is more than an Oracle. Data Feeds will be used by the weather, gaming, gambling, insurance… everything that requires real time accurate data. Spend a little bit of time researching them. You can even use the news filter on Google & look up “Chainlink” + DTCC, Swift, Citi, etc etc. Also look up how many banks & large companies have already announced moving onto blockchain. It helps maybe if you look at Chainlink & CCIP as more of a tech company. $Link is the token used as gas fees for these transactions. Their team consists of top computer scientists & former Google execs. They have over 700 employees. They hold numerous patents. & already over 2k partnerships with major companies…. they also spent several years testing with these companies. The testing is over. They are now transitioning. So it’s no longer IF, it’s WHEN the switch flips.

btc_clueless

Good news everyone: [According to analysts at JP Morgan](https://decrypt.co/290688/trump-trade-bitcoin-eight-weeks-jp-morgan) the Bitcoin uptrend will continue for "at least another eight weeks". (Nevermind Jamie Dimon's past predictions.)

CotonTheGeek

So what's the conclusion of JP press conference?

Tr4vel

The ETFs just started and are the best new ETF performance in history. The new president elect and many others are about to take office with a pro crypto stance, national strategic bitcoin stockpile is confirmed, multiple states are announcing the addition of bitcoin to pension funds. Microsoft is the first of many new institutions who will be speaking with shareholders about bitcoin adoption and vote on adding it to their treasury, the halving occurred 6 months ago which is consistent with the start of previous bull runs, microstrategy is placing enormous buy pressure and will continue for years to come, the list goes on and on. There is so much built up coiled spring tension below the surface and no one outside of the Bitcoin community has the slightest clue about what’s happening. I can’t think of a better time in history to be bullish on it than right now. Even if it falls 50% in the next 6 months I’ll be buying every step of the way like I’ve been doing for years and won’t even think twice about it. But thats probably not going to happen when even the likes of JP Morgan, Blackrock, Fidelity, etc are predicting 100k by end of this year and 200k by next year. Doesn’t make any sense at all to sell right now unless you have a short time horizon or you’re trading it regularly and timing the minor corrections throughout the day/week.

Abysskitten

I mean, it's JP Morgan. What did you expect? I could get better predictions from the contents of a teabag.

NotCoolFool

JP Morgan have been so incredibly off the mark when it comes to crypto but specifically BTC it’s not even funny.

IronRambler

Yes it’s definitely normal market behavior seeing multi-thousand dollar drops in the span of a few minutes that are not tied to movements in the stock market, breaking news, or hitting big sell walls at predictable dollar values. Plenty of insider accounts of the means by which market makers are doing this. Shorting the futures market, dumping large amounts very quickly during periods of low volume, etc. Countless big entities have been caught and fined over the last few decades for manipulating various markets so it’s pretty known that they do this and if you believe no market manipulation is occurring I don’t know what to tell you. Look at what happened with JP Morgan and the silver market. Bitcoin is a volatile asset, yes, and most people SHOULD be here with a long time frame of 10+ years. But there is also a heavy amount of manipulation occurring. As Bitcoin becomes more mainstream and adopted by traditional institutions then unfortunately it is also going to attract the attention of people who can pretty much manipulate the market at a professional level. With an auditable and fixed supply asset like Bitcoin you can only get away with shenanigans for so long though.

IndependentSpeck

No. We are VERY early. Look at the actual adoption rate. I think we're at like 4 to 5% of the planet holds any Bitcoin \*at all.\* If Bitcoin is like the internet, which I believe it is, then we're in the very very early stages of Bitcoin adoption. Remember, the internet was started as ARPANET by the US government in the 1960s and the internet wasn't even adopted by regular Americans until the mid-90s. That's a minimum of 30 years for adoption to even BEGIN to take place, and Bitcoin's been around for only 15 years now. Now, something like 70% of the planet uses the internet regularly, and Bitcoin only has 5% of the world. Look at it like this: Why does any new technology take a long time to gain traction and become popular? It's because the status quo is maintained by people who would fool others to take away their share of the pie. We're STILL at the stage where people like Dimon of JP Morgan and Peter Schiff still want to deceive people into thinking Bitcoin is not good enough and that gold is better...so think for yourself; are we midway, or are we so early that people don't even realize that there is even a remote possibility of a change to the status quo? Ask the average American and they'll tell you Bitcoin is not even a legitimate asset. If that's not early to you, then you're lost and need to do more research.

Level_Willingness790

I have been making the case for usd stablecoins for 10 years now. The best thing odor the US and the 90% of unstable economies out there is to adopt the stablecoin. It will ensure dollar or dollar adjacent hegemony while liberating communities from their own governments malfeasance. CBDC would be bad for our banks be it TD or JP. I don’t see how they would sign off on that scheme. It might also make the US treasury and fed more transparent which definitely in not in the US governments interest :)

GabeDef

Gensler did what he was put in there to do. The odd part is... as he approaches the end of his term, ETH is losing considerable ground to BTC. I would imagine the JP boys are not happy with Gary about this.

ElDiabloRamon

Ya most people in the banking industry, and also that age bracket have been force fed the naritive that anything bitcoin / crypto / stock market - are all scams and should be avoided at all cost. Note: the people saying this is Jamey Diamon from JP Morgan. As the rich people HATE poor people and want retail investors out of “their space”. It’s highly unfortunate that they are actively lieing to people, and the public buys it hook line & sinker. People in the public will really probably not wake up to crypto till Bitcoin hits $1,000,000 per coin. By that time it will be too late for anyone to buy satoshis: which is the way the upper crust of wallstreet wants it. It’s straight out market manipulation. Plain & simple.

Routine-Ability-5426

Microsoft is about to vote on whether to invest in Bitcoin, and MicroStrategy has also stated that it will maintain its Bitcoin holdings. In addition, large financial institutions such as JP Morgan are paying attention to blockchain-based assets and competing with stablecoins, but believe that stablecoins will still occupy an important position.

OderWieOderWatJunge

Lot of Chainlink shilling these days lol. Banks are building their own blockchains, they will never use yours in real business. Like JP Morgan, they checked out Ethereum but in the end they opened their own fork,