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Smoke and Mirrors as Mainstream Banks Discourage Clients From Crypto

Published 05/19/2020, 09:54 AM
Updated 05/19/2020, 12:00 PM
Smoke and Mirrors as Mainstream Banks Discourage Clients From Crypto
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The crypto space and market cap is a small percentage of the trillions invested through the global equities market or the amount that the United States Federal Reserve is able to print. While the promise of blockchain technology and the future of Bitcoin (BTC) has been realized through major traditional players unveiling their own versions of the technology, their hesitant investment advice does not seem to match their actions.

Recently, Cointelegraph reported that wealth manager Adam Pokornicky had claimed he almost lost a client to the opinions of the top financial holding companies in the world. Adam said that the client, who was going to buy a minor amount of Bitcoin, decided not to proceed with the purchase because JPMorgan Chase (NYSE:JPM) and Goldman Sachs (NYSE:GS) advised against it. The words that changed the client’s minds are unknown, but Adam was confident that they influenced the client’s choice.

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