Some recent news broke showing that major banks are yes buying bitcoin in the form of ETFs. The newest large bank to enter into this is Wells Fargo.

Now this actully makes me laugh on a personal level because I once had a Wells Fargo account myself in which they blocked me years back from buying any crypto assets. Only to now today buy them their selves and it's a very stark reminder of why you should always double check things and look beyond the headlines.

It goes to show us that banks and large market cap companies and governments continue to try to oppress citizens from gaining more power and wealth and instead hold them in check by offering them small incentives such as low interest on your savings account.

Wells Fargo SEC Filing

From the filing Wells Fargo did they currently own Grayscale's spot bitcoin ETF, ProShares Bitcoin Strategy futures ETF and shares in Bitcoin Depot Inc.

A thing to note here is that May 15th is the time in which large companies like this have to report their buys to the SEC so we are now starting to see the major actions these banks have been taking while talking trash about it at the same time.

Idk about you but when Elon Musk talked trash about something on Twitter (x) he was sued for it. But some how banks are allowed to talk trash about Bitcoin and then behind it all buy it. Uh yeah makes you wonder now right.

JP Morgan

JP has also shown even more investment into bitcoin showing that all of that trash talk their CEO does on crypto they are really buying the hell out of it.

If we take the timeline of their CEO we see the following.

2017 - Trash talks bitcoin end up buying it self
2019 - backtracks and says he regrets talking trash about it
2021 - Once again talks about how bitcoin is worthless
2022 - Really trash talks crypto with bitcoin hitting lows of 16k again
2023 - Talks about bitcoin being a hyped up fraud
2024 - Still doubles down that when bitcoin gets to 20 million minted Satoshi is going to come on laugh and erase all of bitcoin

We can even go back to 2017 again where he states he doesn't ever see why a crypto dollar value would ever be something people want to use. What do we have today? Legit tons of stable coins that represent $1 peg in one way or another. This was mainly because people are tried of trading in rigged systems like the stock market, market manipulation by people in the house and so on. Crypto regained allowing every day people to fairly play with the big boys and girls and start restoring at least SOME value back into the masses and out of the hands of the few.

What we are clearly seeing is that these large firms are trash talking crypto on news while buying it in droves on the backend. This is where you need to seriously stop watching mainstream news and start doing your own research and putting things together. In todays age we have more information then ever before and we have the ability of getting it faster then ever before. So start acting on it before it's too late.

Now it's also important to note that banks will gain some type of exposure to these assets mainly because that's just simply what banks will do for any asset class really.

But where you need to watch is the CEOs gaining personal exposure to the asset like we are starting see happening in a small way at the moment. Which will most likely mean in the next two or three quarters we could see an explosion of wealth from big names and large institutions like this invest.

I think Cathie Wood said it best. That right now we are seeing some lows and mainly only retail investors into the ETFs because large caps still can't get in because the clearing houses they use don't have their ducks in a row yet. Once that happens some time this summer which is expected we could most likely see major inflows.

*This article is for entertainment purposes only and is not financial advice. Do your own research before investing and understand the risks.

Posted Using InLeo Alpha