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JPM’s summer interns don’t know how to value a Bitcoin.
You don’t own enough.
12.8. klo 06.01
CEO of JPMorgan Asset Mngmt on whether they would consider launching spot btc/eth ETFs…
Vanguard-esque response:
“Significantly higher vol than S&P 500, no income, no intrinsic value. We don't know how to incorporate it into an investment.”
via @EricBalchunas @joelwebershow
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