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A comment on Why in the world would you own bonds?. Parent comment

Re:Why in the world would you own bonds? by csomar on Wednesday March 17, 2021 @04:44AM (#26488084)
> Recently this was Jamie Dimon lambasting Bitcoin all the while a cryptocurrency trading desk was being set up at Chase.

Did he change his position, though. Having a negative opinion of something is one thing; and profiting from selling shovels for the gold rush is another thing. The trading desk is not a long position.

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Re:Why in the world would you own bonds? by dmurray on Wednesday March 17, 2021 @08:30AM (#26490122)
In the case of bitcoin, it probably is. Legitimising bitcoin as an investment for institutionals pushes the price higher, and also increases trading volumes and thereby trading profits. In contrast with stocks, where a sell off generally brings volatility and good news to trading desks.
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Re:Why in the world would you own bonds? by smeyer on Wednesday March 17, 2021 @11:53AM (#26492889)
Just because adds some legitimacy and pushes bitcoin prices higher doesn't have to mean that JPM (let alone Dimon himself) has a long position nor a longterm positive belief in bitcoin. Maybe they do! But maybe they just want to make some money selling shovels.
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