How J.P. Morgan went from Crypto HATE to Crypto LOVE
Moneymaker J.P. Morgan get into Crypto
A story from the last few years turned from Hate to Love.
So, what would be the benefit for #Hive from this change and what do we need to do to gain some traction for Hive.
Pic by an @detlev idea and Gemini creation
I did this article based on an inspiration from the German news. Thought, a interesting topic which need some more details. So, I startet my research on that topic, writing my script and used Claude.ai for some help on research and some formating. Plus Google Gemini for the picture creation and a lot of time to finetune all this into a cool post - just to clearify!!
Hey Hive Family
Crypto and the mass market?
are we already there?!
_How does this affect _
JPMorgan: Building Billions on the "Fraud"
I've watched Jamie Dimon call Bitcoin a fraud for eight years while his bank processed $1.5 trillion in blockchain transactions. The JPMorgan Chase CEO has called it a "Ponzi scheme," a "pet rock," and said it enables only money laundering. Then in June 2025, his bank launched a token on Ethereum.
This is the most fascinating corporate paradox I've ever seen.
The Anti-Crypto Prophet
Jamie Dimon's timeline is impressively consistent:
September 2017: "It's a fraud. Someone is going to get killed." He'd "fire in a second" any trader buying it.
January 2023: At Davos, he called Bitcoin a "hyped-up fraud" and a "pet rock."
January 2024: "Bitcoin does nothing" except enable "money laundering and sex trafficking."
April 2024: "It's a Ponzi scheme."
Every year, same sermon. Predictable as the halving cycle.
Pic by an @detlev idea and Gemini creation
What JPMorgan Actually Built
While Dimon preached, JPMorgan became a blockchain giant.
The bank's Kinexys platform processed $1.5 trillion since 2020, averaging $2 billion daily. Clients include Siemens, BlackRock, and Ant International.
In May 2025, JPMorgan settled its first transaction on a public blockchain with Chainlink and Ondo Finance. For years they used private blockchains. Now they're going public.
Then June 2025: JPMorgan announced JPMD, a deposit token launching on Coinbase's Base blockchain, built on Ethereum.
The CEO who called Bitcoin worthless just launched a token on the second-largest cryptocurrency network.
Pic by an @detlev idea and Gemini creation
The Hidden Distinction
Dimon isn't contradicting himself. He's making a distinction most people miss.
He hates Bitcoin as currency but loves blockchain as infrastructure. "Blockchain is a technology ledger system we use to move information," he explained.
JPMorgan makes money being the intermediary. Bitcoin's value proposition is removing intermediaries. Of course he hates it.
But blockchain that makes JPMorgan's services faster and cheaper? That's an upgrade.
Yes, the Government Accountability Office found crypto on sex trafficking sites. But less than 1% of Bitcoin transactions link to illicit activity. Meanwhile, JPMorgan has paid $40 billion in regulatory fines.
Pic by an @detlev idea and Gemini creation
Two Parallel Futures
Banks see two crypto futures and play both sides:
Future A: Decentralized currencies disrupt banking. People use DeFi protocols, hold self-custody wallets, and eliminate intermediaries. Dimon fights this.
Future B: Blockchain becomes traditional finance infrastructure. Banks tokenize assets, use smart contracts, but remain gatekeepers. JPMorgan builds this.
Think about the internet. We have the open web and walled gardens like Facebook. Both exist. Both thrive.
Crypto follows the same path. JPMD is "permissioned," only for institutional clients. They want blockchain's efficiency without its decentralization.
Pic by an @detlev idea and Gemini creation
The Institutional Wave
While Dimon talked, institutions built.
November 2024: Mastercard connected to JPMorgan's Kinexys for cross-border B2B blockchain payments.
Fidelity tests stablecoins. Morgan Stanley builds crypto trading. BlackRock expands tokenized treasuries.
This isn't experimentation. This is production infrastructure.
Even Dimon softened recently, calling himself a "believer in stablecoins." When BlackRock's Larry Fink went from calling Bitcoin money laundering to managing a Bitcoin ETF, the game changed.
Pic by an @detlev idea and Gemini creation
Five Lessons
One: Actions matter more than words. What companies build reveals their strategy.
Two: Institutional adoption means banks building parallel blockchain infrastructure, not buying Bitcoin.
Three: The real battle is permissionless vs. permissioned blockchains. Both have space.
Four: As institutions adopt blockchain, they'll push regulations favoring their walled gardens.
Five: Decentralized alternatives will thrive anyway. Institutional blockchain doesn't kill DeFi.
Pic by an @detlev idea and Gemini creation
Your Move
When America's largest bank CEO calls something fraud while betting billions on it, the technology is inevitable. The question is who controls it.
Building in Web3? Don't wait for validation. JPMorgan built while Dimon trashed crypto publicly.
Entering Web3? Understand the difference between infrastructure (blockchain, smart contracts) and ideology (decentralization, self-custody).
Investing in Web3? Watch what companies build, not what executives say. JPMorgan's actions predicted adoption years before Dimon softened.
Skeptical? The world's biggest crypto skeptic runs a bank processing $2 billion daily in blockchain transactions.
The Jamie Dimon paradox shows that institutional adoption and decentralized innovation can coexist and compete simultaneously.
Your job isn't picking sides. It's understanding both tracks and figuring out where you build something that matters.
The real fraud? Pretending the future of finance isn't already being written on blockchains, whether Dimon admits it or not.
Pic by an @detlev idea and Gemini creation
Love to get your Feedback
Spending some hours on this, learned my lessons but love to get your opinion or view on this as I might be wrong in some parts.
Most importand question
Where do we see a development for #Hive in this world
Pic by an @detlev idea and Gemini creation
Have a great day everybody
and let us travel the world again
pic by @detlev
Enjoy the #BeerSaturday
have 3 pics and a story
around beer - and go!
@Detlev loves HIVE
Check mal Überschrift Firmen Name - da ist ne Kleinigkeit falsch :-)
Done
saw it :-)
Did another one about the international criminal court dropping MS office and other services while switching to open source software made by German companies/ governments
What?
https://peakd.com/news/@detlev/bye-bye-microsoft-office-at-international-criminal-court
Ja - inzwischen verstanden, hab es schon auf reddit geshared - in Europe und Gepolitics gleich deleted von den mods aber in opensource noch dabei mit ganz guten Upvotes - aber ohne Enagegement bislang
Wo kann ich denn sowas selber in Reddit platzieren und warum wird sowas gleich gelöscht??
Hab ich schonmal erklärt - viele Subreddits haben mods die löschen gerne, einige haben Filter die sofort Links zu Hive rausfiltern, weil es für viele Spam ist - manchmal ein Spiel und mit anderen UIs experimentieren - manchmal hat man Glück, manchmal Pech - am Besten die Core Contest Teilnehmer @redditposh befragen - am Besten bekommt es @theworldaroundme hin.
Es gibt eben tausende Subreddits für Themen, alle mit eigenen Rules - da muss man vorher schauen aber aselst dann keine Garantie - Geduldsspiel
OH, klingt nicht einfach und nach viel Testen
Ja logisch, aber macht mehr Spass als viele Sachen direkt hier auf der Chain - denn sind wir ehrlich, auf Reddit ist schwer, aber die meisten dort haben mehr Intellekt, die kannst nicht so einfach verarschen. Hätten wir nur 2% der intelligenten Reddit Nutzer auf Hive (ideal aus den Crypto subreddits), die das System verstehen und gut fänden wäre mir nicht bange um Hive (egal ob wir blogging plattformen bleiben wohl, short content oder endlich rewards for Content auf layer 2 packen). Daran versuchen wir ja zu arbeiten in-kognito.
Just reading the name J.P. Morgan sends shivers down my spine. 👺
Oh I first saw this now... this deserve 10000 LASSECASH POWER donation, but I just spend my last liquids... hold me up on it 1-2 months from now...
You have been manual curated and upvoted by @ecency
I love seeing the great players change their minds about things they can no longer ignore, haha!
Excellent write-up! I think Hive could really benefit from this shift if we keep emphasizing decentralization and real-world utility. While JPMorgan’s move validates blockchain tech, it also reminds us why communities like Hive matter — true ownership, transparency, and freedom from corporate control. 🚀 #HiveIsHome
Its bad to promote Illuminati type people and not even worth 9 dollars that you earned... more like minus a million...
I donated 8000 LasseCash POWER (out of petty).. all I had liquid... even you were extremely rude to me in person... in Berlin... I forgive peoples bad behaviors... I heard I have a huge heart...
Have fun with the 10K HP...
LAsse
https://www.reddit.com/r/CryptoCurrency/comments/1oljzwm/how_jp_morgan_went_from_crypto_hate_to_crypto_love/
This post has been shared on Reddit by @uwelang through the HivePosh initiative.
Wow - how do you get interactions on Reddit. Looks good