Our hypothetical SEC employee’s research efforts on investing and crypto, which started about a week ago, are continuing…
Happy Friday! You are a bit worn out, but you feel things are coming together. You feel that you’ve made great progress and a thesis has started to emerge.
You look at your notes. You have researched three crypto critics so far: Buffett/Munger, Aswath Damodaran and Jamie Dimon. Then you spent time on two pro-crypto parties: Bill Miller and Kevin O’Leary. You need one more for a fair comparison.
You review your list and realize you have just one banker, Jamie Dimon. “What do other bankers, or banks in general think about crypto?” You decide to look at the so-called League Tables, a ranking of the banks. JP Morgan brought in the most fees year-to-date in 2023, and also in 2022. Ranking right behind JP Morgan, in second place, is Goldman Sachs.
Do they have a position on crypto? Or perhaps on Bitcoin, specifically?