SEC doesn’t HAVE to make a decision on spot bitcoin ETF until January 10th…
Just $1 Trillion taking flight from this $156 Trillion pie into #Bitcoin could lead to a #Bitcoin market cap of $100 Trillion. Or a $4.7m per Bitcoin price.
If you don’t believe it’s possible that 0.64% of this capital could take flight.
Which one of these assets is better than Bitcoin as a store of value?
Fed’s Financial Stability Report Says $20.3 Trillion Is Subject to a Run
https://wallstreetonparade.com/2023/10/feds-financial-stability-report-says-20-3-trillion-is-subject-to-a-run/
By Pam Martens and Russ Martens: October 24, 2023 ~
Fed Chair Jerome Powell at Press Conference on November 2, 2022
Last Friday, the Federal Reserve published its Financial Stability Report,
which takes a detailed look at U.S. financial stability through the second
quarter of this year. Although the Fed does its best to put a rosy glow on
[…]
JPMorgan Chase Paid $1.085 Billion in Legal Expenses in Last Six Months;
It’s Still Battling Hundreds of Charges and Legal Proceedings on Three
Continents
https://wallstreetonparade.com/2023/10/jpmorgan-chase-paid-1-085-billion-in-legal-expenses-in-last-six-months-its-still-battling-hundreds-of-charges-and-legal-proceedings-on-three-continents/
By Pam Martens and Russ Martens: October 20, 2023 ~
At some point, federal regulators, the Senate Banking Committee and the
criminal division of the U.S. Department of Justice are going to reach the same conclusion that Wall Street On Parade reached quite some time ago: JPMorgan Chase is a criminal enterprise in drag as a federally-insured bank. JPMorgan […]
JPMorgan Chase Has Lost a Quarter Trillion Dollars in Deposits in Last 7
Quarters — Fortress Balance Sheet or Leaky Sieve?
https://wallstreetonparade.com/2023/10/jpmorgan-chase-has-lost-a-quarter-trillion-dollars-in-deposits-in-last-7-quarters-fortress-balance-sheet-or-leaky-sieve/
By Pam Martens and Russ Martens: October 16, 2023 ~
Jamie Dimon, Chairman and CEO of JPMorgan Chase
On May 1, the Federal Deposit Insurance Corporation announced that First
Republic Bank had failed and that it was being sold to JPMorgan Chase. At the time, JPMorgan Chase was already the largest and riskiest bank in the United States. The […]
Johnson & Johnson aims to file bankruptcy stating that the liability payments owed to those who filed claims related to its Baby Powder causing ovarian cancer exceed J&J’s cash reserves. J&J is currently valued at $382B.
JUST IN: BlackRock’s iShares Trust has been removed from the DTCC (Depository Trust & Clearing Corporation).