After the bitcoin dump back in May, JPMorgan released a report saying that institutional investors are dumping bitcoin and going back to gold. The price of bitcoin was around 35,000 USD at the time of this report.
JPMorgan says big institutional investors are dumping bitcoin and going back to gold
3 days ago, JPMorgan released another report saying institutional investors prefer bitcoin over gold. Presumably JPMorgan has finished with its bitcoin buying spree after telling you to dump bitcoin in May.
JPMorgan says institutional investors see bitcoin as a better inflation hedge than gold
Bank of America also recently published a report of its own about the best cryptocurrencies you should buy. This is also probably an attempt to manipulate retail investors.
Bank of America and JPMorgan have the most number of financial violations among American banks. These banks are not afraid to manipulate markets because the fines they have paid for violations are a small fraction of the profits they made for their wealthy clients.
For what we know, Elon Musk could even be a part of these manipulation tactics. The Trojan horse who acts like he is in favour of cryptocurrency and uses social media influence to manipulate retail investors one way and then the other way.
Don't let these people influence your investment decisions for their benefits. Ignore banks and billionaires. They're not looking out for you.
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