Does your cat know all they need to know about bitcoin?
Getting your cat on to a stable financial start should be a priority.
The activities of financial institutions like JP Morgan make you wonder- Does my cat know all they need to know????
JP Morgan is a megabank in the US where there have been quite some reservations concerning Cryptocurrencies over the past couple of years, earning themselves the title of Bitcoin's 'biggest enemy'.
Well, it comes as a shocker that 4 years after JP Morgan CEO Dimon Jamie referred to bitcoin as "dangerous fraud", under his nose, there's a bitcoin fund prepping to get set up.
The JP Morgan bitcoin fund is probably going to be out by summer this year.
Now, let's take a breather there.
If you're a new crypt-thusiast like me, you're probably wondering what a bitcoin fund is and what it can do for you or your cat.
Well, I'm not certain how this is going to affect you, but for the sake of your cat, you're going to need to know that a Bitcoin fund or Bitcoin exchange-traded funds (ETF) are in fact funds that trade on the traditional market rather than cryptocurrency exchange and also track the value of bitcoin.
This means that your cat doesn't exactly need to trade cryptocurrency on a cryptocurrency exchange.
There's a lot more to ETFs than just that, however, we'd really not want to load your cat with so much information, would we?
JP Morgan, haven observed the lapses of these funds with other companies' promises to manage their funds properly and provide this tool for wealthy clients.
While Dimon still claims that matters concerning bitcoin are not his cup of tea, clients' demands probably fuel his decisions.
One of such decisions was the crypto-adjacent investment product set up in March and now this ETF set to launch in the summer.
As always, we anticipate the outcome of this venture.
I hope your cat learns a lot from this. I wrote this for the love of the canines.
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