Jamie Dimon acknowledged blockchain is real as JP Morgan moved $16 trillion in one day. The SEC closed its case against Ondo, a tokenization leader, and the CFTC approved Bitcoin as collateral in derivatives markets. Bank CEOs including Brad Garlinghouse are meeting with senators on crypto legislation.
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People out there saying crypto's dead, the cycle's over, 4 years is done. Once crypto hater Jamie Dimon just said this morning, quote, blockchain is real and now it's becoming more effective and more efficient after JP Morgan moved $16 trillion in one day. He revealed this this morning on Fox Business. Ondo, the leader in tokenization, which is an awesome blockchain, said this morning the SEC formally closed their confidential Biden-era investigation into Ondo. Grok says this: tokenization today is roughly where the internet was in 1996. Today the CFTC announced a pilot program for Bitcoin to be used as collateral in derivatives markets. Today, you have top US bank CEOs meeting with senators to discuss crypto market structure legislation. Right now, we have Brad Garlinghouse at the Senate. Crazy to me that people are bearish on crypto right now. I, and I know it's been a tough 90 days. I get it. Price has dropped a ton. But when you have this many large institutions, actors talking about this open, this is what we dreamed of back in 2017, 2018, 2019, 2020. That one day these big institutions, big banks are going to adopt. They're going to be on this. They're going to be talking about it. And we have this happening almost every day right now. It's a pretty cool time. Yes, I know prices have been brutal this year. I know things have fallen a lot. For me though, I'm sitting here like, man, what a, what a cool time to be in crypto. So follow along to stay in the loop.
