I’m not sure what to make of it. I’m sure most people on this sub will immediately want to go to the narrative that they just know they’re late to the party and are now trying to hop on, but I can’t shake the feeling there’s more to the story.When I see JP Morgan claiming massive upside to bitcoin, after shutting on it for years, it makes me concerned. They have a remarkable history of telling the public one thing, and then screwing them the next day. Could they be getting ready for a rug pull of some sort?If there were a a massive crash with fleeing to bitcoin, could outrageous fees for first time users like boomers trying to save their retirements turn people off of bitcoin? Could WEF and ECBs major focus on “green” digital tech be a signal that bitcoin isn’t the solution they want moving foward?I’m not sure how this all plays out, and at the end of the day the network is there and there’s nothing anyone can do about it, but I do find it strange how some of the most untrustworthy people are now promoting bitcoin. I also have concerns about how the network would respond if millions of people were trying to flee to safety, leaving a sour taste in people’s mouths when the user experience is significantly more expensive and slower than even traditional banking.Thoughts?
Submitted October 29, 2020 at 04:05AM
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