For those who find this confusing, he's talking his book. That's his job, to live and breathe JPM 24/7/365. For the last decade, he has publicly dunked on crypto at every turn whilst privately still giving his high-level managers the flexibility to build out digital asset services and to make digital asset investments -- this is true at many major banks.
His tune will change completely when/if he thinks JPM is poised to take full advantage of digital assets and blockchain tech, particularly if Wall Street broadly can engineer any sort of regulatory capture over DeFi.
The guy at the top of an org that literally *is* the current financial system can't be a blockchain tech "system is broken we have to rebuild it" maxi until he's positioned his corp to be a major player under that paradigm, and decides it's a genuine existential threat to his legacy business units.
There *is* someone whose job it is 24/7/365 to be that blockchain tech maxi guy; his name is Brian Armstrong. That's why you see Coinbase running ads that literally say "the system is broken, we have to rebuild it, hooray Coinbase."
Huge announcement!
Karate Combat 46 is coming to Dubai & TOKEN2049.
We’re thrilled to partner with Dubai Department of Economy and Tourism and Dubai Sports Council to make it happen.
it’s awesome to see smart crypto natives appreciating our vision.
but a few of the biggest reasons i’m uberbullish on $KARATE are still underexplored 🧵👇
At the risk of sounding like a beg:
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Well, with 4 days left of 2023 I’ve reached 93 thousand, wow.
I’m asking YOU if you can help me with one last push by simply sharing this post!
What you’ll get for following me:
- Daily smart money updates in new year
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I can guarantee you’ll become efficient in crypto if you just click that follow button.
I’ve seen it all before and have the wisdom to share it all with you!
Let’s make 2024 a year to remember!
@Jason If you're actually interested in tokens that are tied to growing, well-run consumer businesses, @KarateCombat's $KARATE is what you're looking for.
It's built on the @hedera blockchain.
Here's the product and how growth is going:
@ObtainerOf I know at least a dozen men in their 20s who are either in happy long-term relationships or are enjoying being single who would all be confused and frustrated virgins if this were actually true.
@BnnRbbt@thechosenberg Cold approach is a superpower for zoomers. Dating apps will never be optimal for any man whose personality/humor/charm are higher on the bell curve than his looks.
It’s that simple.
@pmarca Convinced this is a huge cross-generational and cross-cultural issue. The masses get education on everything from the classics to Japanese culture filtered through a particular professional class with its own conscious and unconscious biases.
The structured products (put and call selling vaults) were all clearly -EV for depositors, who were getting eaten alive by MMs. Horrible risk/reward, especially compared to other strategies available across DeFi.
Ribbon pivoted away completely from those products to create their own on-chain settlement options exchange (Aevo).